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DOI | 10.1038/s41893-020-0554-1 |
Pricing externalities and moral behaviour | |
Ockenfels A.; Werner P.; Edenhofer O. | |
发表日期 | 2020 |
ISSN | 2398-9629 |
起始页码 | 872 |
结束页码 | 877 |
卷号 | 3期号:10 |
英文摘要 | To measure how moral behaviour interacts with pricing regimes, we conduct highly controlled experiments in which trading creates pollution. We compare indirect pricing (here, a cap and trade mechanism) and direct pricing (a tax) in an otherwise equivalent setting in which ‘producers’ are incentivized to emit CO2. ‘Judges’ decide on central trading parameters that may restrict socially harmful activities. Profit maximization predicts the same producer behaviour in either setting in the absence of regulation, yet we find a substantial share of producers refraining from emitting CO2 at all. Although judges restrict behaviour in similar ways across mechanisms, direct pricing more effectively accommodates moral behaviour than the quantity policy. © 2020, The Author(s), under exclusive licence to Springer Nature Limited. |
语种 | 英语 |
scopus关键词 | Carbon dioxide; Commerce; Cap and trade; Controlled experiment; Profit maximization; Costs |
来源期刊 | Nature Sustainability
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文献类型 | 期刊论文 |
条目标识符 | http://gcip.llas.ac.cn/handle/2XKMVOVA/163386 |
作者单位 | University of Cologne, Center for Social and Economic Behavior (C-SEB) and Department of Economics, Cologne, Germany; Maastricht University, School of Business and Economics, Department of Microeconomics and Public Economics, Maastricht, Netherlands; Mercator Research Institute on Global Commons and Climate Change (MCC), Potsdam Institute for Climate Impact Research (PIK), and Technical University Berlin (TU Berlin), Berlin, Germany |
推荐引用方式 GB/T 7714 | Ockenfels A.,Werner P.,Edenhofer O.. Pricing externalities and moral behaviour[J],2020,3(10). |
APA | Ockenfels A.,Werner P.,&Edenhofer O..(2020).Pricing externalities and moral behaviour.Nature Sustainability,3(10). |
MLA | Ockenfels A.,et al."Pricing externalities and moral behaviour".Nature Sustainability 3.10(2020). |
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