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dc.contributor.authorFreytag, Andreasen
dc.contributor.authorGüth, Werneren
dc.contributor.authorKoppel, Hannesen
dc.contributor.authorWangler, Leoen
dc.date.accessioned2010-12-08-
dc.date.accessioned2012-04-11T09:30:53Z-
dc.date.available2012-04-11T09:30:53Z-
dc.date.issued2010-
dc.identifier.urihttp://hdl.handle.net/10419/56890-
dc.description.abstractViewing 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.en
dc.language.isoengen
dc.publisher|aFriedrich Schiller University Jena and Max Planck Institute of Economics |cJenaen
dc.relation.ispartofseries|aJena Economic Research Papers |x2010,086en
dc.subject.jelC92en
dc.subject.jelD78en
dc.subject.jelH41en
dc.subject.jelQ54en
dc.subject.ddc330en
dc.subject.keywordcumulative public goodsen
dc.subject.keywordmilestonesen
dc.subject.keywordclimate changeen
dc.subject.keywordexperimenten
dc.subject.stwKlimaschutzen
dc.subject.stwUmweltauflageen
dc.subject.stwÖffentliches Guten
dc.subject.stwSpieltheorieen
dc.subject.stwWirtschaftliche Effizienzen
dc.subject.stwTesten
dc.titleIs regulation by milestones efficiency enhancing? An experimental study of environmental protection-
dc.typeWorking Paperen
dc.identifier.ppn641294123en
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen

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