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This article proposes a theoretical, incentive compatible, pollution damage revealing mechanism to induce people to reveal how much they are damaged by environmental degradation so polluters can be charged for… Click to show full abstract
This article proposes a theoretical, incentive compatible, pollution damage revealing mechanism to induce people to reveal how much they are damaged by environmental degradation so polluters can be charged for the amount of damage caused. The mechanism is embedded in the participatory planning procedure that is part of a theoretical alternative to capitalism known as a “participatory economy.”
Keywords:
damage revealing;
mechanism;
pollution damage;
revealing mechanism;
damage
Journal Title: Review of Radical Political Economics
Year Published: 2017
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Journal Title: Review of Radical Political Economics
Year Published: 2017
Link to full text (if available)
Share on Social Media: Sign Up to like & get
recommendations!