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Davide Pace

@ddpace.bsky.social
849 followers 367 following 65 posts

Behavioral economist at LMU Munich - opinions are mine. Working on: cognitive economics and climate change. sites.google.com/view/davidedpace

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Davide Pace @ddpace.bsky.social · 21/11/2024
When asked to predict support for carbon pricing: 1️⃣ Subjects underestimate support. ➡️Correcting this mistake might further increase support 2️⃣A group of 300+ Economists is similarly pessimistic. ➡️ This might be why they can't convince politicians to implement #CarbonPricing 8/11
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Davide Pace @ddpace.bsky.social · 21/11/2024
The Climate Premium has other good properties: 🟢Very few people think it is the worst option. 🟢It receives majority support from every demographic group. 🟢 It maximizes public support without wrecking public finances 7/11
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Davide Pace @ddpace.bsky.social · 21/11/2024
🔍Results: 1️⃣ The Climate Premium receives 73% support – the highest of all schemes. 2️⃣ Redistributing the revenues equally is the second most popular scheme (69% support). 3️⃣ Transferring money to the state budget minimizes support 6/11
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Davide Pace @ddpace.bsky.social · 21/11/2024
In the experiment: - Subjects can buy a virtual product 📦which increases their earnings in the experiment - Buying the product entails emitting CO2 - Subjects make two decisions: one with carbon pricing and one without 4/11
Screen shot of consumption decisions
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Davide Pace @ddpace.bsky.social · 21/11/2024
#EconSky 📉📈 A new simple way to boost support for carbon pricing! New article in @natureportfolio.bsky.social - Public support is maximized by a Climate Premium: a fixed, uniform, upfront compensation - Experts are too pessimistic about public support - A novel incentivized design. 🧵 + link👇
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