A complete implementation of the efficient allocation of pollution
AbstractThis 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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Bibliographic InfoArticle provided by Elsevier in its journal Economics Letters.
Volume (Year): 101 (2008)
Issue (Month): 2 (November)
Contact details of provider:
Web page: http://www.elsevier.com/locate/ecolet
Efficient pollution allocation Implementation Market for pollution rights Moral hazard;
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"Implementing the Efficient Allocation of Pollution,"
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- Nava Kahana & Yosef Mealem & Shmuel Nitzan, 2009. "The Efficient and Fair Approval of “Multiple-Cost-Single-Benefit” Projects Under Unilateral Information," Working Papers 2009-14, Department of Economics, Bar-Ilan University.
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- Mealem, Yosef, 2011. "Implementation of individually rational social choice functions with guaranteed utilities," Economics Letters, Elsevier, vol. 112(2), pages 165-167, August.
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