A complete implementation of the efficient allocation of pollution

This paper presents a simple twofold mechanism that attains a complete implementation of the efficient allocation of pollution. The first component is adopted from Duggan and Roberts [Duggan, J., Roberts, J., 2002. Implementing the efficient allocation of pollution. American Economic Review 92, 1070-1078.]. The second new component takes care of the moral hazard problem.

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Year of publication:	2008
Authors:	Kahana, Nava ; Mealem, Yosef ; Nitzan, Shmuel
Published in:	Economics Letters. - Elsevier, ISSN 0165-1765. - Vol. 101.2008, 2, p. 142-144
Publisher:	Elsevier
Keywords:	Efficient pollution allocation Implementation Market for pollution rights Moral hazard

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Type of publication:	Article
Source:	RePEc - Research Papers in Economics

Persistent link: https://ebvufind01.dmz1.zbw.eu/10005159293