MECHANISM DESIGN FOR NUTRIENT TRADING UNDER ASYMMETRIC INFORMATION

The objective of this paper is to evaluate first- and second-best trading mechanisms for regulating point and nonpoint source phosphorus emissions. The trading mechanisms are differentiated on the degree to which regulators can observe abatement efforts. The deadweight losses attributable to informational asymmetries and those of the second-best mechanisms will provide regulators the shadow value of foregoing first-best measures.


Issue Date:
2001
Publication Type:
Conference Paper/ Presentation
PURL Identifier:
http://purl.umn.edu/20558
Total Pages:
18
Series Statement:
Selected Paper




 Record created 2017-04-01, last modified 2017-08-24

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