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The regulation of non-point source pollution and risk preferences: An experimental approach
dc.contributor.author | Camacho Cuena, Eva | |
dc.contributor.author | Requate, Till | |
dc.date.accessioned | 2013-05-17T19:01:45Z | |
dc.date.available | 2013-05-17T19:01:45Z | |
dc.date.issued | 2012 | |
dc.identifier.issn | 0921-8009 | |
dc.identifier.uri | http://hdl.handle.net/10234/64036 | |
dc.description.abstract | Many environmental problems, notably arising from agriculture, can be classified as non-point source pollution problems. In this paper we present results of an experimental study on the performance of three mechanisms designed to deal with such problems: collective fining, random fining, and a tax-subsidy scheme. We find that the fining schemes induce under-abatement, a feature being enforced with experience. We further elicit the participants' risk attitude and show that the performance of collective fining is not affected by the subjects' risk preferences. Under a system based on random fining the performance of the mechanism worsens in the presence of risk seeking subjects. However, coordination on over-abatement under the tax-subsidy can be alleviated if subjects are risk averse | ca_CA |
dc.format.extent | 9 p. | ca_CA |
dc.format.mimetype | application/pdf | ca_CA |
dc.language.iso | eng | ca_CA |
dc.publisher | Elsevier | ca_CA |
dc.relation.isPartOf | Ecological Economics, 2012, Volume 73, 15 | ca_CA |
dc.rights | Copyright © 2011 Elsevier B.V. All rights reserved. | ca_CA |
dc.rights.uri | http://rightsstatements.org/vocab/InC/1.0/ | * |
dc.subject | Non-point source pollution | ca_CA |
dc.subject | Environmental policy | ca_CA |
dc.subject | Risk attitude | ca_CA |
dc.subject | Economic experiments | ca_CA |
dc.title | The regulation of non-point source pollution and risk preferences: An experimental approach | ca_CA |
dc.type | info:eu-repo/semantics/article | ca_CA |
dc.identifier.doi | http://dx.doi.org/10.1016/j.ecolecon.2011.10.019 | |
dc.rights.accessRights | info:eu-repo/semantics/restrictedAccess | ca_CA |
dc.relation.publisherVersion | http://www.sciencedirect.com/science/article/pii/S0921800911004484 | ca_CA |
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