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Optimal regulation of private production contracts with environmental externalities

Author

Listed:
  • Philippe Bontems

    (Station d'économie et sociologie rurales - INRA - Institut National de la Recherche Agronomique)

  • Pierre Dubois

    (Station d'économie et sociologie rurales - INRA - Institut National de la Recherche Agronomique)

  • Tomislav Vukina

    (Inconnu)

Abstract

L'article analyse la régulation optimale d'un secteur industriel dont la production source de pollution est l'objet d'un contrat entre des parties indépendantes. L'apport des intrants nécessaires à l'activité est partagé entre le principal et l'agent, de sorte que l'externalité négative résulte des actions prises de manière conjointe par les deux parties. Le résultat principal est qu'au sein d'une hiérarchie à trois niveaux (agence de l'environnement, principal, agent) il existe un principe d'équivalence entre les différents schémas de régulation lorsque la relation principal-agent est sujette à un problème de risque moral simple ou double. L'unique tâche de l'agence est de déterminer le revenu total de taxes dans chaque état de la nature car tout partage des taxes entre le principal et l'agent conduit à une même solution. Le principe d'équivalence caractérisé dans l'article n'est remis en cause que lorsque les effets de la régulation sur les choix organisationnels endogènes du secteur industriel sont explicitement pris en compte par l'agence de l'environnement.

Suggested Citation

  • Philippe Bontems & Pierre Dubois & Tomislav Vukina, 2004. "Optimal regulation of private production contracts with environmental externalities," Post-Print hal-02675666, HAL.
    • Handle: RePEc:hal:journl:hal-02675666
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    References listed on IDEAS

    as
    1. Antoine Faure-Grimaud & Jean-Jacques Laffont & David Martimort, 2003. "Collusion, Delegation and Supervision with Soft Information," The Review of Economic Studies, Review of Economic Studies Ltd, vol. 70(2), pages 253-279.
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    4. Tomislav Vukina, 2003. "The Relationship between Contracting and Livestock Waste Pollution," Review of Agricultural Economics, Agricultural and Applied Economics Association, vol. 25(1), pages 66-88.
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    Cited by:

    1. Tomislav Vukina, 2003. "The Relationship between Contracting and Livestock Waste Pollution," Review of Agricultural Economics, Agricultural and Applied Economics Association, vol. 25(1), pages 66-88.
    2. Jensen, Frank & Nøstbakken, Linda, 2016. "A corporate-crime perspective on fisheries: liability rules and non-compliance," Environment and Development Economics, Cambridge University Press, vol. 21(3), pages 371-392, June.

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