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  • 标题:Pollution Permit Market: Using Incentive Contracts to Reduce Dominant Firm Inefficiencies
  • 本地全文:下载
  • 作者:Sonia Schwartz
  • 期刊名称:Economics Bulletin
  • 电子版ISSN:1545-2921
  • 出版年度:2010
  • 卷号:30
  • 期号:4
  • 页码:3201-3208
  • 出版社:Economics Bulletin
  • 摘要:Incentive contracts can be proposed to a dominant firm that has been excluded from the pollution permit market. We determine the optimal characteristics of a contract considering the trade-off between market efficiency and the cost of public funds. We show that under incomplete information the firm always buys fewer quotas than under complete information. We conclude this study by giving a concrete rule to implement such a contract
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