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Nonpoint Source Pollution, Asymmetric Information, and Output Regulations

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  • Gerhard Clemenz

Abstract

It is assumed that firms have different technologies, and that an environment protection agency (EPA) knows which technologies exist but not which are used by which firms. Only firm outputs and total emissions, but not individual firm emissions are observable. Abatement technologies are known to the EPA, but it cannot observe individual abatement expenditures. It is analyzed under which conditions a regulatory mechanism based on joint punishment ensures a first best or only a second best allocation of resources.

Suggested Citation

  • Gerhard Clemenz, 2001. "Nonpoint Source Pollution, Asymmetric Information, and Output Regulations," FinanzArchiv: Public Finance Analysis, Mohr Siebeck, Tübingen, vol. 58(1), pages 31-47, December.
    • Handle: RePEc:mhr:finarc:urn:sici:0015-2218(200112)58:1_31:nspaia_2.0.tx_2-w
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    More about this item

    JEL classification:

    • Q00 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - General - - - General
    • Q28 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Renewable Resources and Conservation - - - Government Policy

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