Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/89613
Year of Publication: 
2013
Series/Report no.: 
Nota di Lavoro No. 97.2013
Publisher: 
Fondazione Eni Enrico Mattei (FEEM), Milano
Abstract: 
Which kind of reaction can a nation or group of nations expect when leading by example in climate policy? This literature survey describes possible positive reaction mechanisms from different fields of economics, some of which have scarcely been linked to climate economics previously. One effect may be behavioral, a reaction motivated by fairness, reciprocity or norms. Second, other nations may interpret the leader's action as a signal on his preference or the value of the objective and adjust their own policy based on the new information. Third, the leader may provide a service to other nations, which decreases their costs and risks. The followers could benefit by learning successful policies, adopting technologies and obtaining information on the cost of environmental policy. In addition to these economic mechanisms, a leading group of nations might initiate a political process of successive enlargements.
Subjects: 
Climate Change
Leadership
Public Good Provision
JEL: 
H41
O33
Q54
Document Type: 
Working Paper

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