License scheme : an optimal waste management policy under asymmetric information

Shinkuma, Takayoshi & Managi, Shunsuke (2010) License scheme : an optimal waste management policy under asymmetric information. Journal of Regulatory Economics, 39(2), pp. 143-168.

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A system requiring a waste management license from an enforcement agency has been introduced in many countries. A license system is usually coupled with fines, a manifest, and a disposal tax. However, these policy devices have not been integrated into an optimal policy. In this paper we derive an optimal waste management policy by using those policy devices. Waste management policies are met with three difficult problems: asymmetric information, the heterogeneity of waste management firms, and non-compliance by waste management firms and waste disposers. The optimal policy in this paper overcomes all three problems.

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ID Code: 75460
Item Type: Journal Article
Refereed: Yes
Keywords: Asymmetric information; License; Non-compliance; Waste management
DOI: 10.1007/s11149-010-9136-x
ISSN: 1573-0468
Subjects: Australian and New Zealand Standard Research Classification > ECONOMICS (140000) > APPLIED ECONOMICS (140200)
Divisions: Current > QUT Faculties and Divisions > QUT Business School
Current > Schools > School of Economics & Finance
Deposited On: 24 Aug 2014 23:33
Last Modified: 26 Aug 2014 00:35

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