Wanted: A Pollution Damage Revealing Mechanism

Robin Hahnel

Review of Radical Political Economics, 2017, vol. 49, issue 2, 233-246

Abstract: This article proposes a theoretical, incentive compatible, pollution damage revealing mechanism to induce people to reveal how much they are damaged by environmental degradation so polluters can be charged for the amount of damage caused. The mechanism is embedded in the participatory planning procedure that is part of a theoretical alternative to capitalism known as a “participatory economy.â€

Keywords: pollution; incentive compatible mechanism; participatory planning (search for similar items in EconPapers)
JEL-codes: D62 D82 P30 (search for similar items in EconPapers)
Date: 2017
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Persistent link: https://EconPapers.repec.org/RePEc:sae:reorpe:v:49:y:2017:i:2:p:233-246

DOI: 10.1177/0486613415608134

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