کد مقاله کد نشریه سال انتشار مقاله انگلیسی نسخه تمام متن
9555868 1377038 2005 44 صفحه PDF دانلود رایگان
عنوان انگلیسی مقاله ISI
Optimal management of durable pollution
موضوعات مرتبط
مهندسی و علوم پایه ریاضیات کنترل و بهینه سازی
پیش نمایش صفحه اول مقاله
Optimal management of durable pollution
چکیده انگلیسی
We study an incompletely informed regulator's problem of inducing a firm producing durable pollution to manage its pollution optimally. We show the existence of an optimal regulatory contract. Our principal qualitative result is that the optimal contract in this setting induces an inefficiently large amount of emission, relative to the outcome under Pigovian regulation or full information. Our sparse, yet flexible, model of the firm can be applied directly in concrete settings as it is stated in terms of statistical parameters. Moreover, it generates useful information about the firm that has to be assumed in an abstract regulatory model.
ناشر
Database: Elsevier - ScienceDirect (ساینس دایرکت)
Journal: Journal of Economic Dynamics and Control - Volume 29, Issue 6, June 2005, Pages 1121-1164
نویسندگان
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