Tell the truth or not? The montero mechanism for emissions control at work
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Show full item recordcomunitat-uji-handle:10234/9
comunitat-uji-handle2:10234/8643
comunitat-uji-handle3:10234/8644
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https://doi.org/10.1016/j.jeem.2019.02.004 |
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Title
Tell the truth or not? The montero mechanism for emissions control at workDate
2019-03Publisher
ElsevierBibliographic citation
REQUATE, Till, et al. Tell the truth or not? The montero mechanism for emissions control at work. Journal of Environmental Economics and Management, 2019, 95: 133-152.Type
info:eu-repo/semantics/articlePublisher version
https://www.sciencedirect.com/science/article/pii/S0095069618300871Version
info:eu-repo/semantics/publishedVersionSubject
Abstract
We experimentally test the truth-telling mechanism proposed by Montero (2008) for eliciting firms' abatement costs. We compare this mechanism with two well-known alternative allocation mechanisms, free and costly ... [+]
We experimentally test the truth-telling mechanism proposed by Montero (2008) for eliciting firms' abatement costs. We compare this mechanism with two well-known alternative allocation mechanisms, free and costly allocation of permits at the Pigouvian price. Controlling for the number of firms and the firms' maximal emissions, we find that, in line with the theoretical predictions, firms over-report their maximal emissions under free allocation of permits and under-report these under costly allocation of permits. Under Montero's mechanism, by contrast, firms almost always report their maximal emissions truthfully. However, in terms of efficiency, the difference between Montero's mechanism and costly allocation disappears with industries including more than one firm. [-]
Investigation project
German Federal Ministry of Education and Research (grant 01LA1102B)Rights
http://rightsstatements.org/vocab/CNE/1.0/
info:eu-repo/semantics/restrictedAccess
info:eu-repo/semantics/restrictedAccess
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- ECO_Articles [696]