http://belfercenter.ksg.harvard.edu/publication/23071/voting_architecture_for_the_governance_of_freedriver_externalities_with_application_to_geoengineering.html

"A Voting Architecture for the Governance of Free-Driver Externalities,
with Application to Geoengineering"

Discussion Paper 2013-55,
Harvard Project on Climate Agreements,
Belfer Center for Science and International Affairs,
Harvard Kennedy School
May 2013

Author: Martin L. Weitzman

The Harvard Project on Climate Agreements Discussion Paper Series

ABSTRACT

Climate change is a global "free rider" problem because significant
abatement of greenhouse gases is an expensive public good requiring
international cooperation to apportion compliance among states. But it is
also a global "free driver" problem because geoengineering the stratosphere
with reflective particles to block incoming solar radiation is so cheap
that it could essentially be undertaken unilaterally by one state
perceiving itself to be in peril. This paper develops the main features of
a "free driver" externality in a simple model based on the asymmetric
consequences of type-I and type-II errors. I propose a social-choice
decision architecture embodying the solution concept of a supermajority
voting rule and derive its basic properties. In the model this
supermajority voting rule attains the socially optimal cooperative
solution, which is a new theoretical result around which the paper is built.

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