IDEAS home Printed from https://ideas.repec.org/p/cdl/oplwec/qt9z00731z.html
   My bibliography  Save this paper

Environmental Remedies: An Incomplete Information Aggregation Game

Author

Listed:
  • Rausser, Gordon C.
  • Simon, Leo K.
  • Zhao, Jinhua

Abstract

The burden of resolving an environmental problem is typically shared among several responsible parties. To clarify the nature and extent of the problem, these parties must provide information to the regulator. Based on this information, the regulator will instigate an investigation of the problem, to determine an appropriate remedy. This paper investigates the incentives facing agents to promote excessive investigation and postpone remediation. Our incomplete information game-theoretic model may be of general interest to game theorists: we apply a new theorem guaranteeing pure-strategy equilibria and introduce a class of games called " aggregation games" which have interesting properties and are widely applicable.

Suggested Citation

  • Rausser, Gordon C. & Simon, Leo K. & Zhao, Jinhua, 2000. "Environmental Remedies: An Incomplete Information Aggregation Game," Berkeley Olin Program in Law & Economics, Working Paper Series qt9z00731z, Berkeley Olin Program in Law & Economics.
  • Handle: RePEc:cdl:oplwec:qt9z00731z
    as

    Download full text from publisher

    File URL: http://www.escholarship.org/uc/item/9z00731z.pdf;origin=repeccitec
    Download Restriction: no

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Morten L. Bech & Rodney J. Garratt, 2012. "Illiquidity in the Interbank Payment System Following Wideā€Scale Disruptions," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 44(5), pages 903-929, August.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:cdl:oplwec:qt9z00731z. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Lisa Schiff). General contact details of provider: http://edirc.repec.org/data/lebrkus.html .

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service hosted by the Research Division of the Federal Reserve Bank of St. Louis . RePEc uses bibliographic data supplied by the respective publishers.