Abstract

http://ssrn.com/abstract=2027390
 
 

References (18)



 


 



Information Manipulation and Climate Agreements


Fuhai Hong


Nanyang Technological University (NTU) - Division of Economics

Xiaojian Zhao


Hong Kong University of Science & Technology

March 13, 2013

A refereed and revised version of this paper is published in American Journal of Agricultural Economics, 96(3), 851-861.

Abstract:     
It appears that news media and some pro-environment organizations have the tendency to accentuate or even exaggerate the damage caused by climate change. This paper provides a rationale for it using a modified International Environmental Agreement (IEA) model with asymmetric information. We find that the information manipulation has an instrumental value, as it ex post induces more countries to participate in an IEA, which eventually enhances global welfare. From the ex ante point of view, however, the impact of such information manipulation on the level of participation in an IEA and welfare is ambiguous.

Keywords: Asymmetric Information, Information Transmission, Climate Change, International Environmental Agreements

JEL Classification: D82, L82, Q54

Accepted Paper Series





Not Available For Download

Date posted: March 22, 2012 ; Last revised: June 11, 2014

Suggested Citation

Hong, Fuhai and Zhao, Xiaojian, Information Manipulation and Climate Agreements (March 13, 2013). A refereed and revised version of this paper is published in American Journal of Agricultural Economics, 96(3), 851-861. . Available at SSRN: http://ssrn.com/abstract=2027390 or http://dx.doi.org/10.2139/ssrn.2027390

Contact Information

Fuhai Hong (Contact Author)
Nanyang Technological University (NTU) - Division of Economics ( email )
Singapore, 639798
Singapore
Xiaojian Zhao
Hong Kong University of Science & Technology ( email )
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