haku: @author Bulckaen, F. / yhteensä: 1
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| Tekijä: | Bulckaen, F. |
| Otsikko: | Emissions Charge and Asymmetric Information: Consistently a Problem |
| Lehti: | Journal of Environmental Economics and Management
1997 : SEP, Vol. 34:1, p. 100-106 |
| Asiasana: | POLLUTION COST CONTROL INFORMATION |
| Kieli: | eng |
| Tiivistelmä: | This study calls into question the established view that lack of information on clean-up cost functions represents a serious problem in designing an optimal charge on polluting waste discharged by N point sources. In the standard case of "adverse-selection, " a firm is shown to have an unbounded incentive to under-report marginal clean-up costs. However this result should be revised if the firm is required to behave "consistently" with its own reports. In the latter case, not only is the incentive to under-report marginal clean-up costs no longer unbounded, but it also becomes possible to identify the conditions in which such an incentive approaches zero. |
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