000232718 001__ 232718
000232718 005__ 20180123003612.0
000232718 037__ $$a843-2016-55943
000232718 041__ $$aen_US
000232718 084__ $$aH23
000232718 084__ $$aQ5
000232718 245__ $$aA Note on Pollution Regulation With Asymmetric Information
000232718 260__ $$c2016-03-10
000232718 269__ $$a2016-03-10
000232718 270__ $$malberto.pench@unipi.it$$pPench,   Alberto
000232718 300__ $$a10
000232718 336__ $$aWorking or Discussion Paper
000232718 490__ $$aET
000232718 490__ $$a20.2016
000232718 520__ $$aThe paper addresses the problem of information asymmetry between a regulator and the polluting firms and proposes a very simple mechanism where the regulator is free to choose, without communicating in advance to the firms, between two instruments: an effluent fee or a standard: as a result in a real world setting this uncertainty might induce firms to a truthful revelation. Moreover, under the assumption of linear marginal abatement or marginal social damage functions, in many cases the resulting optimal behaviour might be an under reporting for some firms and an over reporting for others so that the resulting marginal aggregate benefit function might be not so far from the true one and the aggregate pollution level attained by the mechanism not so far from optimal.
000232718 542__ $$fLicense granted by Emanuela Ragnolini (emanuela.ragnolini@feem.it) on 2016-03-10T11:12:47Z (GMT):

<p class="ds-paragraph">
By depositing this Content ("Content") in AgEcon Search, I agree that I am 
solely responsible for any consequences of uploading this Content to AgEcon 
Search and making it publicly available, and I represent and warrant that:

I am either the sole creator and the owner of the copyrights and all other 
rights in the Content; or, without obtaining another’s permission, I have the 
right to deposit the Content in an archive such as AgEcon Search.

To the extent that any portions of the Content are not my own creation, they 
are used with the copyright holder’s express permission or as permitted by law.
 Additionally, the Content does not infringe the copyrights or other 
intellectual property rights of another, nor does the Content violate any 
laws or another’s rights of privacy or publicity.

The Content contains no restricted, private, confidential, or otherwise 
protected data or information that should not be publicly shared.

I understand that AgEcon Search will do its best to provide perpetual access
 to my Content. In order to support these efforts, I grant the Regents of the
 University of Minnesota ("University"), through AgEcon Search, the following
 non-exclusive, irrevocable, royalty-free, world-wide rights and licenses:

to access, reproduce, distribute and publicly display the Content, in whole
 or in part, in order to secure, preserve and make it publicly available, and

to make derivative works based upon the Content in order to migrate the
 Content to other media or formats, or to preserve its public access.

These terms do not transfer ownership of the copyright(s) in the Content.
 These terms only grant to the University the limited license outlined above.
</p>

000232718 650__ $$aPublic Economics
000232718 6531_ $$aEffluent Fee
000232718 6531_ $$aStandards
000232718 6531_ $$aAsymmetric Information
000232718 6531_ $$aTruthful Revelation
000232718 700__ $$aPench, Alberto
000232718 8564_ $$s828461$$uhttp://ageconsearch.umn.edu/record/232718/files/NDL2016-020.pdf
000232718 887__ $$ahttp://purl.umn.edu/232718
000232718 909CO $$ooai:ageconsearch.umn.edu:232718$$pGLOBAL_SET
000232718 912__ $$nSubmitted by Emanuela Ragnolini (emanuela.ragnolini@feem.it) on 2016-03-10T11:18:39Z
No. of bitstreams: 1
NDL2016-020.pdf: 828461 bytes, checksum: 952c9785b67938958436fa17b9b07aa7 (MD5)
000232718 912__ $$nMade available in DSpace on 2016-03-10T11:18:39Z (GMT). No. of bitstreams: 1
NDL2016-020.pdf: 828461 bytes, checksum: 952c9785b67938958436fa17b9b07aa7 (MD5)
  Previous issue date: 2016-03-10
000232718 982__ $$gFondazione Eni Enrico Mattei (FEEM)>ET: Economic Theory
000232718 980__ $$a843