Abstract
No country can capture the full benefit of its efforts to provide global public goods such as protecting the climate or providing new medicines or technologies to a growing world. As a result, there is persistent under-investment in combating climate change and promoting innovation. This Article proposes a new solution to this well-studied social dilemma: matching commitments. It explains how matching commitments could be used in countries that adopt climate regulation to encourage action by other countries around the world. And it shows why this solution is better than other commonly-proposed solutions for encouraging action in recalcitrant countries.
Original language | English (US) |
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Title of host publication | Economic Analysis of Law in European Legal Scholarship |
Publisher | Springer Nature |
Pages | 307-315 |
Number of pages | 9 |
DOIs | |
State | Published - 2021 |
Externally published | Yes |
Publication series
Name | Economic Analysis of Law in European Legal Scholarship |
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Volume | 11 |
ISSN (Print) | 2512-1294 |
ISSN (Electronic) | 2512-1308 |
Bibliographical note
Publisher Copyright:© 2021, The Author(s), under exclusive license to Springer Nature Switzerland AG.