Funding global public goods : the dark side of multilateralism
Bayer, Patrick and Urpelainen, Johannes (2013) Funding global public goods : the dark side of multilateralism. Review of Policy Research, 30 (2). pp. 160-189. ISSN 1541-1338 (https://doi.org/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).
ORCID iDs
Bayer, Patrick ORCID: https://orcid.org/0000-0003-1731-1270 and Urpelainen, Johannes;-
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Item type: Article ID code: 69178 Dates: DateEvent31 March 2013PublishedSubjects: Political Science Department: Faculty of Humanities and Social Sciences (HaSS) > Government and Public Policy > Politics Depositing user: Pure Administrator Date deposited: 01 Aug 2019 12:32 Last modified: 02 Oct 2024 00:33 Related URLs: URI: https://strathprints.strath.ac.uk/id/eprint/69178