Regulation of Pollution with Asymmetric Information
Regulation of Pollution with Asymmetric Information
复制标题
信息不对称的污染监管
DOI:
10.1007/978-94-015-8346-6_2
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发表时间:
1993
期刊:
影响因子:
--
通讯作者:
J. Laffont
中科院分区:
文献类型:
--
作者:
J. Laffont
It is now recognized that the regulation of extemalities in an economy with a benevolent social regulator is a standard mechanism design problem which derives its difficulties from the various asymmetries of infonnation existing between the regulator and the economic agents. Given the elose analogy between a public good and an extemality we can consider that this recognition goes back to Groves (1973). Dasgupta, Hammond and Maskin (1980), Laffont (1977) Ch. 7 were more explicit about the use of the Groves mechanisms to regulate externalities. Recently, the renewal of interest for environmental issues has further articulated the paradigm (Baron (1985a, b), Besanko (1987), Spulber (1989), Van Egteren (1989), Bowes, Macauley, Palmer (1991), Lewis-Sappington (1992), Segerson (1988), Xepapadeas (1991». Tbe purpose of this paper is to provide a general framework which encompasses a number of static issues in the regulation of extemalities.We start with the regulation of a natural monopoly which creates a negative extemality. First we assume that the relationship between the level of production and the level of the externality can be modified by a costly technology and that the level of the extemality is observable. This general case has been rarely considered in the literature which has been mostly concemed with situations in which there exists a fixed relationship between the level of production and the level of externality.