Bayer, P. and Urpelainen, J. (2013) Funding global public goods: the dark side of multilateralism. Review of Policy Research, 30(2), pp. 160-189. (doi: 10.1111/ropr.12013)
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Abstract
The funding of global public goods, such as climate mitigation, presents a complex strategic problem. Potential recipients demand side payments for implementing projects that furnish global public goods, and donors can cooperate to provide the funding. We offer a game-theoretic analysis of this problem. In our model, a recipient demands project funding. Donors can form a multilateral program to jointly fund the project. If no program is formed, bilateral funding remains a possibility. We find that donors rely on multilateralism if their preferences are relatively symmetric and domestic political constraints on funding are lax. In this case, the recipient secures large rents from project implementation. Thus, even donors with strong interests in global public good provision have incentives to oppose institutional arrangements that promote multilateral funding. These incentives have played an important role in multilateral negotiations on climate finance, especially in Cancun (2010) and Durban (2011).
Item Type: | Articles |
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Additional Information: | Funded by: ERP fellowship of the Studienstiftung des deutschen Volkes. This is the peer reviewed version of the following article: [Bayer, P., and Urpelainen, J. (2013) Funding global public goods: the dark side of multilateralism. Review of Policy Research, 30(2), pp. 160-189.], which has been published in final form at [10.1111/ropr.12013]. This article may be used for non-commercial purposes in accordance with Wiley Terms and Conditions for Self-Archiving." |
Status: | Published |
Refereed: | Yes |
Glasgow Author(s) Enlighten ID: | Bayer, Professor Patrick |
Authors: | Bayer, P., and Urpelainen, J. |
College/School: | College of Social Sciences > School of Social and Political Sciences > Politics |
Journal Name: | Review of Policy Research |
Publisher: | Wiley |
ISSN: | 1541-132X |
ISSN (Online): | 1541-1338 |
Copyright Holders: | Copyright © 2013 The Policy Studies Organization |
First Published: | First published in Review of Policy Research 30(2):160-189 |
Publisher Policy: | Reproduced in accordance with the copyright policy of the publisher |
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