eprintid: 23978
rev_number: 16
eprint_status: archive
userid: 3114
dir: disk0/00/02/39/78
datestamp: 2018-01-24 14:25:24
lastmod: 2018-02-27 18:39:23
status_changed: 2018-01-24 14:25:24
type: workingPaper
metadata_visibility: show
creators_name: Pfrommer, Tobias
title: A Model of Solar Radiation Management Liability
subjects: 330
divisions: 181000
abstract: Solar Radiation Management (SRM) is a set of potential technologies to counteract climate change. Liability regimes are one potential form of governance institution to avoid global externalities caused by the SRM "free-driver" problem. In this paper I examine the incentives structure and welfare consequences of SRM liability regimes. Characteristics specific to SRM impact on the incentives that liability regimes provide via the definition of harm and the liability standard. Consequently, a liability regime is defined as a combination of a definition of harm and a liability standard in the model. Providing several interpretations of these two dimensions adequate for the SRM context, I show that only one combination implements the social optimum. A numerical implementation of the model yields that the free-driver problem is moderate given a metric of mean temperature and extreme given a metric of mean precipitation. Furthermore, the implementation suggests that liability regimes are generally capable of mitigationg the free-driver problem substantially and that the choice of the definition of harm is more consequential than the choice of the liability standard.
date: 2018-01-17
publisher: University of Heidelberg
id_scheme: DOI
id_number: 10.11588/heidok.00023978
schriftenreihe_cluster_id: sr-3
schriftenreihe_order: 0644
ppn_swb: 1015086691
own_urn: urn:nbn:de:bsz:16-heidok-239787
language: eng
bibsort: PFROMMERTOAMODELOFSO20180117
full_text_status: public
series: Discussion Paper Series
volume: 0644
place_of_pub: Heidelberg
citation:   Pfrommer, Tobias  (2018) A Model of Solar Radiation Management Liability.  [Working paper]     
document_url: https://archiv.ub.uni-heidelberg.de/volltextserver/23978/1/__ad.uni-heidelberg.de_wiso_u.arnold_Desktop_Pfrommer_2018_dp0644.pdf