TY - JOUR
T1 - A complete implementation of the efficient allocation of pollution
AU - Kahana, Nava
AU - Mealem, Yosef
AU - Nitzan, Shmuel
PY - 2008/11
Y1 - 2008/11
N2 - This paper presents a simple twofold mechanism that attains a complete implementation of the efficient allocation of pollution. The first component is adopted from Duggan and Roberts [Duggan, J., Roberts, J., 2002. Implementing the efficient allocation of pollution. American Economic Review 92, 1070-1078.]. The second new component takes care of the moral hazard problem.
AB - This paper presents a simple twofold mechanism that attains a complete implementation of the efficient allocation of pollution. The first component is adopted from Duggan and Roberts [Duggan, J., Roberts, J., 2002. Implementing the efficient allocation of pollution. American Economic Review 92, 1070-1078.]. The second new component takes care of the moral hazard problem.
KW - Efficient pollution allocation
KW - Implementation
KW - Market for pollution rights
KW - Moral hazard
UR - http://www.scopus.com/inward/record.url?scp=51749122188&partnerID=8YFLogxK
U2 - 10.1016/j.econlet.2008.07.003
DO - 10.1016/j.econlet.2008.07.003
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AN - SCOPUS:51749122188
SN - 0165-1765
VL - 101
SP - 142
EP - 144
JO - Economics Letters
JF - Economics Letters
IS - 2
ER -