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Urban greenery management problem

Author

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  • Tomasz Żylicz

    (Faculty of Economic Sciences, University of Warsaw)

Abstract

I look at the urban greenery management as a principal-agent (PA) problem. In the case analysed in this paper the city mayor (the higher level) wants to maximize the pollution-mitigation capacity of trees planted, while the greenery manager (the lower level) wants to maximize the municipal budget devoted to planting trees subject to some constraints on the outcome of this activity. While the higher level wants certain services to be delivered in the future actually, the lower level is interested in potential benefits provided by the most attractive tree species, even though they will be delivered only partially and probably not in the long run. As a result, the theoretical "residual claimancy" condition required for so-called incentive compatibility does not hold, and the species composition of trees planted is different from what it would have been if the PA model implemented was incentive compatible.

Suggested Citation

  • Tomasz Żylicz, 2019. "Urban greenery management problem," Working Papers 2019-21, Faculty of Economic Sciences, University of Warsaw.
    • Handle: RePEc:war:wpaper:2019-21
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    File URL: https://www.wne.uw.edu.pl/index.php/download_file/5264/
    File Function: First version, 2019
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    More about this item

    Keywords

    Principal-agent models; urban trees;

    JEL classification:

    • H49 - Public Economics - - Publicly Provided Goods - - - Other
    • Q53 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Air Pollution; Water Pollution; Noise; Hazardous Waste; Solid Waste; Recycling
    • Q57 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Ecological Economics
    • R59 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Regional Government Analysis - - - Other

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