A complete implementation of the efficient allocation of pollution

Nava Kahana, Yosef Mealem and Shmuel Nitzan

Economics Letters, 2008, vol. 101, issue 2, 142-144

Abstract: 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.

Keywords: Efficient; pollution; allocation; Implementation; Market; for; pollution; rights; Moral; hazard (search for similar items in EconPapers)
Date: 2008
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Citations: View citations in EconPapers (4)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:ecolet:v:101:y:2008:i:2:p:142-144

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