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The refunding scheme reduces the intertemporal climate change problem into a static public goods problem.
The paper argues that because fossil fuel control requires solving an international public goods problem as well as an addiction-like problem, breaking it will be more challenging.
NASA, America's space agency, has even bought suspect materials.Counterfeiting "used to be a luxury goods problem", says Therese Randazzo, who is in charge of protecting intellectual property at America's customs service.
We examine whether such a public goods problem exists by purposefully deceiving some participants in one study, informing them of this fact, and then examining whether the deceived participants behave differently in a subsequent study.
In our setup, which is closely related to a public goods problem where agents face liquidity constraints but no participation constraints, decision rules that truthfully elicit utilities and implement efficient decisions do not exist.
The first externality, described by the above quotes, comes in the usual familiar form of a public goods problem whose challenge is enormous because so much is at stake and it is so difficult to reach an international governing agreement that divides up the relatively expensive sacrifices that would be required by each nation to really make much of a dent in greenhouse gas (GHG) concentrations.
Similar(51)
This study examines membership services as public goods problems.
It's a good problem to have".
Rising house prices is a good problem.
"This is a good problem to have".
That's a good problem to have".
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Since I tried Ludwig back in 2017, I have been constantly using it in both editing and translation. Ever since, I suggest it to my translators at ProSciEditing.

Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com