Caparrós, A., and Finus, M. (2020). The Corona‑Pandemic: A Game‑Theoretic Perspective on Regional and Global Governance. Environmental and Resource Economics
Abstract: We argue that the incentive structure of all individual and coordinated measures across countries to contain the corona-pandemic is that of a weakest-link public good game. We discuss a selection of theoretical and experimental key results of weakest-link games and interpret them in the light of the corona-pandemic. First, we highlight that experimental evidence does not support the assumption that coordination can be trivially solved, even among symmetric players.