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Incentive Mechanism about Carbon Emissions

Authors: Changcai Qin; Changcai Qin; Shulin Liu;

Incentive Mechanism about Carbon Emissions

Abstract

Based on shared responsibility on carbon emissions, this paper argues that consumer and enterprise should both be included in mechanism about carbon emissions. Based on Coase's analysis of externalities and his theory of property right, this paper gives environment property of low emission requirements to consumers, and entrusts the process of consumers' buying goods from enterprises as the principal-agent process that consumers authorize enterprise to produce product of low emission, thus has designed an incentive mechanism about carbon emissions. The results indicate that to ensure enterprises of low emissions to participate in the production, a certain information rent must be paid to the enterprise of high emissions, namely carbon emissions is a balance between the rent extraction and allocation efficiency.

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selected citations
These citations are derived from selected sources.
This is an alternative to the "Influence" indicator, which also reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).
BIP!Citations provided by BIP!
popularity
This indicator reflects the "current" impact/attention (the "hype") of an article in the research community at large, based on the underlying citation network.
BIP!Popularity provided by BIP!
influence
This indicator reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).
BIP!Influence provided by BIP!
impulse
This indicator reflects the initial momentum of an article directly after its publication, based on the underlying citation network.
BIP!Impulse provided by BIP!
0
Average
Average
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