Lecture 15 - International Affairs Lecture 15: Regimes,...

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International Affairs Lecture 15: Regimes, Globalization and Trade Michael Colaresi International AffairsLecture 15:Regimes, Globalization and Trade – p.1/30
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Private Goods What we usually think about 1) Excludable 2) Divisible Market can work with Private goods International AffairsLecture 15:Regimes, Globalization and Trade – p.2/30
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Collective/Public Goods Not all goods are Private! Nonexcludable Jointness of supply (Indivisible) Market does not work here very well No payoff for producing underproduced good International AffairsLecture 15:Regimes, Globalization and Trade – p.3/30
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Free Riders Like taking out the trash. Those that benefit from a collective good without having to contribute to it. Vaccinations: Those that live in a highly vaccinated country that do not get vaccinated. Those that do not fight in a war, but benefit from victory. Countries that benefit international environmental laws but do not contribute to them. International AffairsLecture 15:Regimes, Globalization and Trade – p.4/30
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Public Good Production AKA How to get your roommates to take out the trash (do the dishes, or stop copying your homework). Coercion (are you bigger than they are?) Rewards /Side Payments(Do they like Pizza?) Education (Tell them about bacteria that can grow in trash) Free Riding is worst when people think they can get away with it. International AffairsLecture 15:Regimes, Globalization and Trade – p.5/30
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Reciprocity Certain rules are better at public good provision than others Tit for tat If you roommate doesn’t take out the trash, you won’t clean the bathroom. If your roommate cleans the bathroom, you will take out the trash. CONDITIONAL PUNISHMENT and REWARD Only works when there are future interactions International AffairsLecture 15:Regimes, Globalization and Trade – p.6/30
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Regimes and Keohane and Nye Rules to overcome the free rider problem “set of rules that govern behavior in some specified area of international relations.” Effects: Regularize behavior, creation of patterns and consistent expectations. Regimes have been set up for a huge array or
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This note was uploaded on 10/04/2009 for the course IAFS 1000 at Colorado.

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Lecture 15 - International Affairs Lecture 15: Regimes,...

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