| 来源类型 | FEEM working papers "Note di lavoro" series |
| 规范类型 | 论文 |
| Fixed Instruments to Cope with Stock Externalities An Experimental Evaluation | |
| Gastón Giordana; Marc Willinger | |
| 发表日期 | 2007 |
| 出处 | Climate Change and Sustainable Development |
| 出版年 | 2007 |
| 语种 | 英语 |
| 摘要 | We evaluate the effectiveness of non optimal and temporally inconsistent incentive policies for regulating the exploitation of a renewable common-pool resource. The corresponding game is an N-person discrete-time deterministic dynamic game of T periods fixed duration. Three policy instruments with parameters that remain constant for the whole horizon are evaluated: a pigouvian tax (flat tax), an ambient tax (ambient flat tax) and an instrument combining the two previous ones (mixed flat instrument). We test in the lab the predictions of the model solved for 3 distinct behavioural assumptions: (a) sub-game perfection, (b) myopic behaviour, and (c) joint payoff maximization. We find that subjects behave myopically in the unregulated situation, which agrees with previous results in the literature. Conditional on predictions, the mixed flat instrument and the flat tax are the most effective policies in approaching the optimum extraction path. However, in absolute terms the ambient flat tax and the mixed flat instrument curb most significantly the mean extraction path towards the optimum path. Paradoxically, these instruments are the less efficient ones. |
| 特色分类 | D9,D62,H23,H26,H30,Q20,Q28 |
| 关键词 | Policy Instruments,Renewable Common-pool Resources,Dynamic Externalities,Experimental Economics |
| URL | https://www.feem.it/en/publications/feem-working-papers-note-di-lavoro-series/fixed-instruments-to-cope-with-stock-externalities-an-experimental-evaluation/ |
| 来源智库 | Fondazione Eni Enrico Mattei (Italy) |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/117490 |
| 推荐引用方式 GB/T 7714 | Gastón Giordana,Marc Willinger. Fixed Instruments to Cope with Stock Externalities An Experimental Evaluation. 2007. |
| 条目包含的文件 | ||||||
| 文件名称/大小 | 资源类型 | 版本类型 | 开放类型 | 使用许可 | ||
| NDL2007-072.pdf（395KB） | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 | ||
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