- 著者
-
MUNRO Alistair
- 出版者
- GRIPS Policy Research Center
- 雑誌
- GRIPS Discussion Papers
- 巻号頁・発行日
- vol.16-16, 2016-09
When the set of possible messages depends on the actual state of the world, optimal incentive schemes to control environmental problems may not always satisfy the revelation principle. As a result, in equilibrium some agents may send false messages, particularly when the information rents in the truth- telling scheme are high. I characterise optimal pollution regulation schemes and produce some numerical examples to show mechanisms which allow some dishonesty in equilibrium may frequently outperform truth-telling schemes.