Multilateralism for International Public Goods

Funding Global Public Goods: The Dark Side of Multilateralism

The funding of global public goods, such as climate mitigation and biodiversity conservation, presents a complex strategic problem. Potential recipients demand side payments for implementing projects that furnish global public goods, and donors can cooperate to provide the funding. We offer a game-theoretic analysis of this problem. In our model, a recipient demands funding for a project. Donor...

Paying for international environmental public goods.

Supply of international environmental public goods must meet certain conditions to be socially efficient, and several reasons explain why they are currently undersupplied. Diagnosis of the public goods failure associated with particular ecosystem services is critical to the development of the appropriate international response. There are two categories of international environmental public good...

International migration in the presence of public goods.

"This paper presents a broad analysis of how nonmigrants are affected by immigration in the presence of public goods. Welfare-effects of migration are first considered in a comparative-static framework which is then supplemented by an analysis of costs and benefits in a more-period-context. This enables a consideration of immigration-induced expansions of the public capital stock on the one han...

Public Goods

We require an economic system to cater to individual wants to the maximum possible extent expressed formally by means of an efficiency condition. Because the set of efficient outcomes is a function of individual preferences, a successful system must elicit information about those preferences. That desideratum, along with the fact that the information disclosed by an individual will be dictated ...

Voting for Public Goods with