Climate Change: Behavioral Responses from Extreme Events and Delayed Damages

Riccardo Ghidoni, G. Calzolari, Marco Casari

Research output: Working paperDiscussion paperOther research output

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Abstract

Understanding how to sustain cooperation in the climate change global dilemma
is crucial to mitigate its harmful consequences. Damages from climate change typically occurs after long delays and can take the form of more frequent realizations of extreme and random events. These features generate a decoupling between emissions and their damages, which we study through a laboratory experiment. We find that some decision-makers respond to global emissions, as expected, while others respond to realized damages also when emissions are observable. On balance, the presence of delayed/stochastic consequences did not impair cooperation. However, we observed a worrisome increasing trend of emissions when damages hit with delay.
Original languageEnglish
Place of PublicationTilburg
PublisherCentER, Center for Economic Research
Number of pages45
Volume2017-024
Publication statusPublished - 4 May 2017

Publication series

NameCentER Discussion Paper
Volume2017-024

Fingerprint

extreme event
behavioral response
damage
climate change
co-operation

Keywords

  • Social dilemma
  • Experiments
  • Greenhouse gas
  • pollution

Cite this

Ghidoni, R., Calzolari, G., & Casari, M. (2017). Climate Change: Behavioral Responses from Extreme Events and Delayed Damages. (CentER Discussion Paper; Vol. 2017-024). Tilburg: CentER, Center for Economic Research.
Ghidoni, Riccardo ; Calzolari, G. ; Casari, Marco. / Climate Change : Behavioral Responses from Extreme Events and Delayed Damages. Tilburg : CentER, Center for Economic Research, 2017. (CentER Discussion Paper).
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Ghidoni, R, Calzolari, G & Casari, M 2017 'Climate Change: Behavioral Responses from Extreme Events and Delayed Damages' CentER Discussion Paper, vol. 2017-024, CentER, Center for Economic Research, Tilburg.

Climate Change : Behavioral Responses from Extreme Events and Delayed Damages. / Ghidoni, Riccardo; Calzolari, G.; Casari, Marco.

Tilburg : CentER, Center for Economic Research, 2017. (CentER Discussion Paper; Vol. 2017-024).

Research output: Working paperDiscussion paperOther research output

TY - UNPB

T1 - Climate Change

T2 - Behavioral Responses from Extreme Events and Delayed Damages

AU - Ghidoni, Riccardo

AU - Calzolari, G.

AU - Casari, Marco

PY - 2017/5/4

Y1 - 2017/5/4

N2 - Understanding how to sustain cooperation in the climate change global dilemmais crucial to mitigate its harmful consequences. Damages from climate change typically occurs after long delays and can take the form of more frequent realizations of extreme and random events. These features generate a decoupling between emissions and their damages, which we study through a laboratory experiment. We find that some decision-makers respond to global emissions, as expected, while others respond to realized damages also when emissions are observable. On balance, the presence of delayed/stochastic consequences did not impair cooperation. However, we observed a worrisome increasing trend of emissions when damages hit with delay.

AB - Understanding how to sustain cooperation in the climate change global dilemmais crucial to mitigate its harmful consequences. Damages from climate change typically occurs after long delays and can take the form of more frequent realizations of extreme and random events. These features generate a decoupling between emissions and their damages, which we study through a laboratory experiment. We find that some decision-makers respond to global emissions, as expected, while others respond to realized damages also when emissions are observable. On balance, the presence of delayed/stochastic consequences did not impair cooperation. However, we observed a worrisome increasing trend of emissions when damages hit with delay.

KW - Social dilemma

KW - Experiments

KW - Greenhouse gas

KW - pollution

M3 - Discussion paper

VL - 2017-024

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PB - CentER, Center for Economic Research

CY - Tilburg

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Ghidoni R, Calzolari G, Casari M. Climate Change: Behavioral Responses from Extreme Events and Delayed Damages. Tilburg: CentER, Center for Economic Research. 2017 May 4. (CentER Discussion Paper).