Matching Commitments: A New Approach to Regulation of the Commons

Research output: Chapter in Book/Report/Conference proceedingChapter

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 languageEnglish (US)
Title of host publicationEconomic Analysis of Law in European Legal Scholarship
PublisherSpringer Nature
Pages307-315
Number of pages9
DOIs
StatePublished - 2021
Externally publishedYes

Publication series

NameEconomic Analysis of Law in European Legal Scholarship
Volume11
ISSN (Print)2512-1294
ISSN (Electronic)2512-1308

Bibliographical note

Publisher Copyright:
© 2021, The Author(s), under exclusive license to Springer Nature Switzerland AG.

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