Money and Finance as Global Public Goods

Global public goods and health.

Health improvement requires collective as well as individual action, and the health of poor populations in particular requires collective action between countries as well as within them. Initiatives such as the Global Fund to Fight AIDS, Tuberculosis and Malaria reflect a growing awareness of this fact. However, initiating, organizing and financing collective actions for health at the global le...

Using Lotteries to Finance Public Goods : Theory and Experimental

This study explores the economics of charitable fund-raising. We begin by developing theory that examines the optimal lottery design while explicitly relaxing both risk-neutrality and preference homogeneity assumptions. We test our theory using a battery of experimental treatments and find that our theoretical predictions are largely confirmed. Specifically, we find that singleand multiple-priz...

Globalization, global public goods, and health

Globalization is one of the characteristics that define the beginning of the 21st century. Yet, there is no single agreed definition of what it is, and there are widely divergent views of what it means in terms of its economic and social repercussions, including its impact on health. What is clear is that it is a multidimensional process encompassing economic, social, cultural, political, and t...

Global Public Goods , Inequality and Institutional Change

In recent years, there has been a huge increase in interest in the environment and its interaction with the economy. A key feature of this literature is its recognition of the interdependence between the economy and the environment. In general, this interdependence operates in both directions and it is poorly understood. A rather overlooked issue is how economic institutions a¤ect our ability a...

Money, Banking, and Finance