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- Jena Economic Resea...
- Volume 4
- Is Regulation by Mi...
Is Regulation by Milestones Efficiency Enhancing?
– An Experimental Study of Environmental Protection –
- Angeblicher Autor(in)
- Erschienen
- 2. Dezember 2010
- Nummer des Discussion-Papers
-
2010-086
- Schlagwort(e)
-
Climate Change
Cumulative Public Goods
Experiment
Milestones
- Zusammenfsg.
-
Viewing individual contributions as investments in emission reduction we rely on the familiar linear public goods-game to set global reduction targets which, if missed, imply that all payoffs are destroyed with a certain probability. Regulation by milestones does not only impose a final reduction target but also intermediate ones. In our leading example the regulating agency is Mother Nature but our analysis can, of course, be applied to other regulating agencies as well. We are mainly testing for milestone effects by varying the size of milestones in addition to changing the marginal productivity of individual contributions and the probability to lose.
- article pub. typess JER
- Research article
- article languages JER
- Englisch
- JEL-Classification for JER
- C92 - Laboratory, Group Behavior ; D78 - Positive Analysis of Policy-Making and Implementation ; H41 - Public Goods ; Q54 - Climate; Natural Disasters