Ghidoni, Riccardo; et al. (2021): Governing Climate Geoengineering: Side-payments are not enough
Ghidoni, Riccardo; Bosetti, Valentina; Tavoni, Massimo; Abatayo, Anna (2021): Governing Climate Geoengineering: Side-payments are not enough. Available online at https://ssrn.com/abstract=3790706.
"Through a laboratory experiment on a public good-or-bad game, we study whether side-payments can address this governance problem. While theoretically effective, our experimental results show only a modest impact of side-payments on outcomes, especially in a multilateral setup. Replacing unstructured bilateral exchanges with a treaty framework simplifies the action space and performs moderately better."