Integrating Economic and Political Considerations in the Analysis of Global Environmental Policies

3 Pages Posted: 12 Aug 2011  

Lawrence H. Goulder

Stanford University - Department of Economics; National Bureau of Economic Research (NBER); Resources for the Future

Date Written: October 15, 2010

Abstract

Economists and other scholars have offered useful diagnoses of the market failures that underlie major global environmental problems. However, scholars have been far less successful in devising policy approaches that can overcome political barriers. They have identified the market failures without offering solutions to political failures. Three sources of political failure seem especially important (1) special interests, (2) the public goods nature of global environmental problems and associated problem of free-riding, and (3) problems in news reporting stemming from changes in the technology for communicating environmental (and other) information to the public. I recommend that the NSF give considerable support to studies that combine attention to the economics impacts with attention to any of these three underlying sources of “political failure.”

Suggested Citation

Goulder, Lawrence H., Integrating Economic and Political Considerations in the Analysis of Global Environmental Policies (October 15, 2010). American Economic Association, Ten Years and Beyond: Economists Answer NSF's Call for Long-Term Research Agendas. Available at SSRN: https://ssrn.com/abstract=1889151 or http://dx.doi.org/10.2139/ssrn.1889151

Lawrence H. Goulder (Contact Author)

Stanford University - Department of Economics ( email )

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National Bureau of Economic Research (NBER)

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Resources for the Future

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Washington, DC 20036
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