Studies and Experiments on Information Asymmetries and the Intergenerational Free Rider Problem in Climate Change
Climate change presents critical economic and environmental challenges, exacerbated by information asymmetries and intergenerational free-rider problems. This dissertation explores these issues through theoretical analysis and experimental research. The first part examines the difficulties firms face in accurately reporting greenhouse gas (GHG) emissions, particularly Scope 3 emissions, and how primary data sharing can enhance transparency, reduce carbon risks, and improve investment decisions. The second part presents experimental studies testing the effectiveness of (self-)verification mechanisms in overcoming information asymmetries in risky investment contexts. The findings suggest that these mechanisms can enhance trust and efficiency in sustainability-related investments. Lastly, the thesis investigates how communication and punishment strategies influence intergenerational cooperation, providing insights into behavioral and institutional solutions for long-term climate action. The research contributes to a better understanding of market failures in climate policy and offers practical tools to enhance sustainability governance and investment strategies.
Preview
Rights
Use and reproduction:
Please note that individual components of the publication may be subject to other licensing or copyright conditions.