Browsing by Subject "Command and control"
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Getting polluters to yell the truth
(Universidad de Montevideo, Facultad de Ciencias Empresariales y Economía, Departamento de Economía, 2006)We study the problem of a regulator who must control the emissions of a given pollutant from a series of industries when the firms’ abatement costs are unknown. We develop a mechanism in which the regulator asks firms to ...