Now if we Could Just Get the Chinese to Look at Evolution
It appears that news media and some pro-environmental organizations have the tendency to accentuate or even exaggerate the damage caused by climate change. This article provides a rationale for this tendency by using a modified International Environmental Agreement (IEA) model with asymmetric information. We find that the information manipulation has an instrumental value, as it ex post induces more countries to participate in an IEA, which will eventually enhance global welfare. From the ex ante perspective, however, the impact that manipulating information has on the level of participation in an IEA and on welfare is ambiguous.
In other news, last week Rapid City had the earliest snow since 1888.
If the Chinese are sensing something awry in global warming, I can’t wait until they cast their gaze on evolution.