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Premium Information Manipulation and Climate Agreements
Hong Fuhai,
Zhao Xiaojian
Publication year2014
Publication title
american journal of agricultural economics
Resource typeJournals
PublisherOxford University Press
Abstract It appears that news media and some pro‐environmental organizations have the tendency to accentuate or even exaggerate the damage caused by climate change. This article provides a rationale for this tendency by using a modified International Environmental Agreement (IEA) model with asymmetric information. We find that the information manipulation has an instrumental value, as it ex post induces more countries to participate in an IEA, which will eventually enhance global welfare. From the ex ante perspective, however, the impact that manipulating information has on the level of participation in an IEA and on welfare is ambiguous.
Subject(s)artificial intelligence , biology , climate change , computer science , ecology , economics , ex ante , information asymmetry , machine learning , macroeconomics , market economy , microeconomics , perspective (graphical) , public economics , value (mathematics) , welfare
SCImago Journal Rank1.949

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