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Root number
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441353 |
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Semester
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HS2024 |
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Type of course
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Lecture |
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Allocation to subject
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Economics |
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Type of exam
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not defined |
| Title |
Climate Economics: International Cooperation |
| Description |
The course provides a detailed economic analysis of international climate policy. Starting from the public good characteristic of greenhouse gas emission reductions and the sovereignty of individual states, we interpret international climate policy as a non-cooperative public good provision game. As the Nash equilibrium of this game is inefficient (Prisoner’s Dilemma), we explore different institutional regimes for international cooperation to improve the efficiency of outcomes. We first, analyze the international emissions permit market and the cartel formation game, which constitute the two most important work-horse models in the economics of international climate policy. We shall see that the outcome of these institutional regimes still falls short of the global social optimum. As a consequence, we explore further designs for international environmental cooperation such as refunding schemes and contests.
Relevance to "Sustainable Development": The problem of international cooperation of climate change mitigation is addressed from a perspective of economic theory. In particular, it is shown how the public good property of GHG emissions and the heterogeneity of countries lead to inefficiently low mitigation efforts. In addition, institutional designs to improve on status-quo are discussed.
Lectures:
Tuesday, 12.15-14.00 h, 106, H4
Exercices: Wednesdays, 08.15 - 10.00hrs, 106, H4 - bi-weekly
Evaluation:
take-home exam, submission date: 31.01.2025, please register in KSL |
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ILIAS-Link (Learning resource for course)
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No registration/deregistration in CTS (Admission in ILIAS possible).
ILIAS
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Link to another web site
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| Lecturers |
Prof. Dr.
Ralph Winkler, Department of Economics ✉
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ECTS
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4.5 |
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Recognition as optional course possible
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Yes |
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Grading
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1 to 6 |
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| Dates |
Tuesday 12:15-14:00 Weekly
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Wednesday 08:15-10:00 Fortnightly
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Friday 31/1/2025 00:15-23:55
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| Rooms |
Hörraum 106, Hauptgebäude H4
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| Students please consult the detailed view for complete information on dates, rooms and planned podcasts. |
User:
Öffentlicher Bereich
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