Article ID Journal Published Year Pages File Type
10475421 Journal of Environmental Economics and Management 2005 19 Pages PDF
Abstract
We define a specific coupled incentive scheme (CIS), in which individual agents are rewarded for their joint actions' effect, rather than for their own actions' accomplishments. We show that a technology switch can be realised through CIS for a budget, for which no technology change would be achieved if only individual agent actions were compensated. We show under which conditions the agents' game has a unique solution and what the principal's choices are for the solution's implementation.
Related Topics
Social Sciences and Humanities Economics, Econometrics and Finance Economics and Econometrics
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