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DOI10.1038/s41893-020-0554-1
Pricing externalities and moral behaviour
Ockenfels A.; Werner P.; Edenhofer O.
发表日期2020
ISSN2398-9629
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
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
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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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