Lecture 16 (new)

Lecture 16 (new) - International Affairs Lecture 17:...

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Unformatted text preview: International Affairs Lecture 17: Environment I Michael Colaresi International AffairsLecture 17:Environment I p.1/24 Is it getting hot in here? International Relations and the Environment acid rain ozone holes global warming etc. Questions: How do states deal with these global challenges? What do our various theories have to say about the chances of success in dealing with the challenges? International AffairsLecture 17:Environment I p.2/24 Private Good Review Private goods have efficient price mechanisms. Based on personal cost/benefit calculation Public goods do not. Can benefit without paying May not pay to create the public good (nonexcludable) Free rider problem and its solutions International AffairsLecture 17:Environment I p.3/24 Externalities We transact business everyday. This directly affects the buyer and seller. However, there may be effects outside of the transactions! When someone external to a transaction is affected by a decision, it is called an externality . International AffairsLecture 17:Environment I p.4/24 Externalities in IR IR has really big externalities Examples, nuclear fallout from accidents, industrial pollution. Some externalities fit the description of a public good. Jointly supplied Nonexcludable Can call these public bads . Those that do not pay but are affected by the decisions are not free-riders here, but forced riders ! International AffairsLecture 17:Environment I p.5/24 Chernobyl had no borders Figure 1: Chernobyl Fallout Path International AffairsLecture 17:Environment I p.6/24 Tragedy of the Commons Aristotle What is common to the greatest number has...
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Lecture 16 (new) - International Affairs Lecture 17:...

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