Climate change: Behavioral responses from extreme events and delayed damages

Riccardo Ghidoni, Giacomo Calzolari, Marco Casari

Research output: Contribution to journalArticleScientificpeer-review

3 Citations (Scopus)

Abstract

Understanding how to sustain cooperation in the climate change global dilemma is crucial to mitigate its harmful consequences. Damages from climate change typically occur 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
Pages (from-to)103-115
JournalEnergy Economics
Volume68
Issue numberS1
DOIs
Publication statusPublished - Oct 2017

Keywords

  • social dilemma
  • experiments
  • greenhouse gas
  • pollution

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