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Economic Models of Environment Monitoring under Imperfect Information and High Costs

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  • M. Levin
  • K. Matrosova.

Abstract

The paper considers monitoring of environmental change as the central element of environmental regulation. Monitoring, as each kind of principal-agent relations, easily gives rise to corruptive behavior. In the paper we analyze economic models of environmental monitoring with high costs, incomplete information and corruption. These models should be the elements of environmental economics and are needed to create an effective system of nature protection measures.

Suggested Citation

  • M. Levin & K. Matrosova., 2014. "Economic Models of Environment Monitoring under Imperfect Information and High Costs," VOPROSY ECONOMIKI, N.P. Redaktsiya zhurnala "Voprosy Economiki", vol. 4.
  • Handle: RePEc:nos:voprec:2014-04-6
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    References listed on IDEAS

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    More about this item

    Keywords

    monitoring; environment; pollution; public goods; externalities; taxes; corruption; principal-agent problem.;

    JEL classification:

    • D21 - Microeconomics - - Production and Organizations - - - Firm Behavior: Theory
    • D62 - Microeconomics - - Welfare Economics - - - Externalities
    • D69 - Microeconomics - - Welfare Economics - - - Other
    • D83 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Search; Learning; Information and Knowledge; Communication; Belief; Unawareness

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