Objective
The UN’s approach to climate policy is to focus on national emission caps for greenhouse gases. Most of the economic theory on environmental agreements is also studying such a demand-side approach, even though it is well known that such an approach has several flaws, including carbon leakage and the incentive to free ride. Recent theory has suggested that a better approach may be to focus on the supply-side of the equation, rather than the demand-side. While this recent theory is promising, it is only indicative and has several shortcomings that must be analysed. The goal of this project is to investigate in depth how to best use conservation as an environmental policy tool. The project aims at integrating the theory of emissions and pollution with a model of extraction and thus the supply of exhaustible resources in a coherent and dynamic game-theoretic framework. I will apply this framework to analyse negotiations, agreements, and contracts on extraction levels, and how such policies can interact, complement or substitute for agreements focusing on consumption/emissions. It will also be important to develop and apply the tools of political economics to investigate which (second-best) agreement one may expect to be feasible as equilibria of the game. For highly asymmetric settings, where the possessors of the resource are few (such as for tropical forests), side transfers are necessary and contract theory will be the natural analytical tool when
searching for the best agreement. However, also standard contract theory needs to be developed further once one recognizes that the “agent” in the principal-agent relationship is an organization or a government, rather than an individual.
Fields of science (EuroSciVoc)
CORDIS classifies projects with EuroSciVoc, a multilingual taxonomy of fields of science, through a semi-automatic process based on NLP techniques. See: https://op.europa.eu/en/web/eu-vocabularies/euroscivoc.
CORDIS classifies projects with EuroSciVoc, a multilingual taxonomy of fields of science, through a semi-automatic process based on NLP techniques. See: https://op.europa.eu/en/web/eu-vocabularies/euroscivoc.
- social sciences economics and business economics
- natural sciences earth and related environmental sciences environmental sciences pollution
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Programme(s)
Multi-annual funding programmes that define the EU’s priorities for research and innovation.
Multi-annual funding programmes that define the EU’s priorities for research and innovation.
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H2020-EU.1.1. - EXCELLENT SCIENCE - European Research Council (ERC)
MAIN PROGRAMME
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Topic(s)
Calls for proposals are divided into topics. A topic defines a specific subject or area for which applicants can submit proposals. The description of a topic comprises its specific scope and the expected impact of the funded project.
Calls for proposals are divided into topics. A topic defines a specific subject or area for which applicants can submit proposals. The description of a topic comprises its specific scope and the expected impact of the funded project.
Funding Scheme
Funding scheme (or “Type of Action”) inside a programme with common features. It specifies: the scope of what is funded; the reimbursement rate; specific evaluation criteria to qualify for funding; and the use of simplified forms of costs like lump sums.
Funding scheme (or “Type of Action”) inside a programme with common features. It specifies: the scope of what is funded; the reimbursement rate; specific evaluation criteria to qualify for funding; and the use of simplified forms of costs like lump sums.
ERC-COG - Consolidator Grant
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Call for proposal
Procedure for inviting applicants to submit project proposals, with the aim of receiving EU funding.
Procedure for inviting applicants to submit project proposals, with the aim of receiving EU funding.
(opens in new window) ERC-2015-CoG
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Net EU financial contribution. The sum of money that the participant receives, deducted by the EU contribution to its linked third party. It considers the distribution of the EU financial contribution between direct beneficiaries of the project and other types of participants, like third-party participants.
0313 Oslo
Norway
The total costs incurred by this organisation to participate in the project, including direct and indirect costs. This amount is a subset of the overall project budget.