TY - JOUR
T1 - License scheme
T2 - An optimal waste management policy under asymmetric information
AU - Shinkuma, Takayoshi
AU - Managi, Shunsuke
N1 - Funding Information:
Acknowledgments We are grateful to the anonymous referee of this journal, the editor of this journal, Yoshifusa Kitabatake, Shingo Ishiguro, Ryoichi Nagahisa, Kenji Takeuchi, Akihiko Yanase, and Yumi Skrzypczak for their many helpful comments. This research was funded by the Ministry of Environment and a Grant-in-Aid for Scientific Research (B) from the Ministry of Education, Science, and Culture, Japan.
PY - 2011/3
Y1 - 2011/3
N2 - 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.
AB - 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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U2 - 10.1007/s11149-010-9136-x
DO - 10.1007/s11149-010-9136-x
M3 - Article
AN - SCOPUS:79952007425
SN - 0922-680X
VL - 39
SP - 143
EP - 168
JO - Journal of Regulatory Economics
JF - Journal of Regulatory Economics
IS - 2
ER -