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来源类型EfD Discussion Paper
规范类型论文
Strategic Delegation and International Permit Markets: Why Linking May Fail
Habla, Wolfgang; Other authors; Winkler, Ralph
发表日期2016-04-20
出版年2016
语种英语
摘要

Habla, Wolfgang and Ralph Winkler. 2016. “Strategic Delegation and International Permit Markets: Why Linking May Fail.” EfD Discussion Paper Series 16-12.
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Abstract: We analyze a typical principal-agent relationship in the context of international climate policy, in which the principals of two countries first decide whether to merge their domestic emission permit markets to form an international market. In the second stage, they delegate the decision on domestic permit supply to an agent. We find that principals have an incentive to select agents who care less for environmental damages than they do themselves. Moreover, international permit markets amplify this incentive, rendering linking less attractive. This may explain why we do not observe international permit markets despite their seemingly favorable characteristics.

主题EEU-Sweden
URLhttps://efdinitiative.org/publications/strategic-delegation-and-international-permit-markets-why-linking-may-fail
来源智库Environment for Development Initiative (Sweden)
资源类型智库出版物
条目标识符http://119.78.100.153/handle/2XGU8XDN/138234
推荐引用方式
GB/T 7714
Habla, Wolfgang,Other authors,Winkler, Ralph. Strategic Delegation and International Permit Markets: Why Linking May Fail. 2016.
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