Do equity preferences matter in climate negotiations? : an experimental investigation


Dannenberg, Astrid ; Sturm, Bodo ; Vogt, Carsten


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URL: http://ub-madoc.bib.uni-mannheim.de/1766
URN: urn:nbn:de:bsz:180-madoc-17660
Document Type: Working paper
Year of publication: 2007
Publication language: English
Institution: Sonstige Einrichtungen > ZEW - Leibniz-Zentrum für Europäische Wirtschaftsforschung
MADOC publication series: Veröffentlichungen des ZEW (Leibniz-Zentrum für Europäische Wirtschaftsforschung) > ZEW Discussion Papers
Subject: 330 Economics
Classification: JEL: H41 C92 C91 ,
Subject headings (SWD): Klimaschutz , Gerechtigkeit , Präferenz , Theorie , Experiment
Keywords (English): individual preferences , inequity aversion , climate policy , experimental economics , public goods
Abstract: This paper investigates in how far equity preferences may matter for climate negotiations. For this purposes we conducted a simple experiment with people who have been involved in international climate policy. The experiment, which was run via the Internet, consisted of two simple non-strategic games suited to measure the parameters of inequity aversion in a Fehr and Schmidt (1999) utility function. We find that our participants show aversion against advantageous as well as disadvantageous inequity to a considerable amount. Moreover, the degree of inequity aversion is higher compared to that of students in the similar study of Dannenberg et al. (2007). Regarding the geographical variety in our sample, we cannot confirm significant differences in the degree of inequity aversion between different regions in the world, which is in line with previous findings from the experimental literature. This finding lends support to the hypothesis that equity preferences are "hard-wired" and not much influenced by socio-economic or cultural circumstances.
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Dannenberg, Astrid ; Sturm, Bodo ; Vogt, Carsten (2007) Do equity preferences matter in climate negotiations? : an experimental investigation. Open Access [Working paper]
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