Markets as Solution to Transnational Public Policy Problems? An Analysis of the Problem-solving and Distributive Effects of Market-based Governance Mechanisms
07 / 2011 - 07 / 2015
Transnational market-based governance has been advanced as a means to resolve pressing public policy problems, in areas as diverse as overfishing, water pollution, greenhouse gas emissions or biodiversity depletion. Yet scholarly understanding of these mechanisms is weak. This project will provide a first comprehensive theoretical and empirical analysis of mechanisms of transnational market-based govern-ance across issue areas. It will broaden and deepen understanding of whether, and under what condi-tions, market-based governance can be effective in solving transnational public policy problems, and what the distributive outcomes of such mechanisms are. We will combine large-n and detailed, in-depth empirical case study research.