Taxonomy and Aggregates (public goods) Flashcards

1
Q

summation: Pure public good (nonrival and nonexcludable)

A

undersupplied, ex. curbing climate change due to global warming

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2
Q

weighted sum: Pure public good (nonrival and nonexcludab

A

undersupply dependent on agent specific benefits and actions, reducing acid rain

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3
Q

weakest link: Pure public good (nonrival and nonexcludab

A

efficient for homogenous group, spending capacity concern: disease containment

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4
Q

weaker link Pure public good (nonrival and nonexcludab

A

efficient for a homogenous group, less spending capacity concern,i.e. limiting financial instability

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5
Q

best shot Pure public good (nonrival and nonexcludab

A

undersupply or efficient supply, coordination issue i.e. neutralising a rogue country

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6
Q

better shot: Pure public good (nonrival and nonexcludable

A

undersupply or efficient supply coordination issue is less worrisome. i.e. developing treatment regimes.

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7
Q

aggregate tech forms

A

summation, weighted sum, weakest link, weaker link, best shot, better shot

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8
Q

summation impure public good (partial rivalry and partial excludability)

A

overuse, undersupplied- deterrence against terrorism

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9
Q

weighted sum impure public good (partial rivalry and partial excludability)

A

overuse/undersupplied with agent-specific benefits important: cleansing an oil spill

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10
Q

weakest link impure public good (partial rivalry and partial excludability)

A

overuse/some undersupply even for homogenous groups owing to crowding i.e. limiting money laundering

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11
Q

weaker link impure public good (partial rivalry and partial excludability)

A

overuse/ some undersupply; coordination issue (intelligence on international crime)

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12
Q

better shot impure public good (partial rivalry and partial excludability)

A

overuse/ some undersupply coordination issue is less of a concern, (compiling databases)

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13
Q

summation club good (partial rivalry and excludable)

A

efficient supply (transnational canal/waterway)

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14
Q

weighted club good (partial rivalry and excludable)

A

efficient supply (INTELSTAT)

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15
Q

weakest link club good (partial rivalry and excludable)

A

externality-based undersupply (air transport hub-spoke network)

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16
Q

weaker link club good (partial rivalry and excludable)

A

some externality based undersupply (network with redundancies)

17
Q

Best shot club good (partial rivalry and excludable)

A

efficent supply (crisis management teams)

18
Q

better shot club good (partial rivalry and excludable)

A

efficient supply (BSL-4 laboratory)

19
Q

supporting factors for subsidiarity

A

matching economic/political domains=good’s marginal cost with recipients marginal benefits, limits tax spillovers to nonbeneficiaries, reduces # of participants/repeated interactions, supports evolution of institution, avoids “mission creep” of global institutions

20
Q

detracting factors for subsidiarity

A

economies of scale favor larger jurisdiction, if goods’ spillover ranges differ and large enough economies of scope need 2 or more goods loses its’ sway, economies of learning may require oversized jurisdiction, there may not be an institution for subsidiarity, best/better shot tech may favor pooling beyond what jurisdiction of subsidiarity agrees with, or may require a larger political jurisdiction of the subsidiarity to work

21
Q

global institutions UN

A

peacekeeping, foreign aid

22
Q

global institutions World Bank

A

knowledge, foreign aid/financial stability

23
Q

global institutions WHO

A

health public goods at g, TR, R &N levels

24
Q

Transregional Institutions (IIRSA)

A

integrates energy and telecomm networks

25
Q

Transregional Institutions Global Environmental Facility (GEF)

A

promotes sustainable development through environmentally friendly programs

26
Q

Transregional Institutions CCIAR (ag research)

A

agriculutural based technological advancement

27
Q

Regional Insitutions EU

A

regional infrastructure, security, income distribution

28
Q

Regional Insitutions MERCOSUR

A

promotes regional free trade

29
Q

Regional Insitutions CAN (andean comm. of nations)

A

promotes regional free trade

30
Q

Regional Insitutions SIEPAC (electricity)

A

provides electricity reliability

31
Q

Regional Insitutions FONTAGRO

A

offers common-pool financing for agriculure innovation

32
Q

Regional Insitutions ASEAN (asian)

A

provides regional free trade, human rights, environmental protection

33
Q

Regional Insitutions Regional Development Banks

A

finances infrastructure, offers knowledge, promotes financial stability

34
Q

Country- based insitutions CDC

A

outbreak surveillance, isolation of new pathogens, knowledge- offers public goods at all levels

35
Q

Country- based insitutions PAsteur Institute

A

outbreak surveillance, isolation of new pathogens, knowledge- offers public goods at all levels