Article ID | Journal | Published Year | Pages | File Type |
---|---|---|---|---|
10475421 | Journal of Environmental Economics and Management | 2005 | 19 Pages |
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
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Authors
Jacek B. Krawczyk, Robert Lifran, Mabel Tidball,