AbstractA rapid and sustained reduction of methane emissions has been proposed recently as a key strategy to meet the climate targets of the Paris Agreement. The social cost of methane (SCM), which expresses the climate damage cost associated with an additional metric ton of methane emitted, is a metric that can be used to design policies to reduce the emissions of this gas.

We present the results of framed field (lab-in-field) experiments designed to investigate the endogenous formation of common pool resource (CPR) coalitions when the resource is co-defended with costly monitoring by coalition members and sanctions for encroachment imposed by the government. The experiments were conducted with fishers who were members of Chile's territorial use rights fisheries (TURFs) and in the lab with Chilean university students. Consistent with theoretical predictions, the fishers frequently formed CPR coalitions, even when they could not deter outsider poaching.

Behavioral economics - a field based in collaborations among economists and psychologists - focuses on integrating a nuanced understanding of behavior into models of decision-making. Since the mid-20th century, this growing field has produced research in numerous domains and has influenced policymaking, research, and marketing. However, little has been done to assess these contributions and review evidence of their use in the policy arena.