Essays on mechanisms and institutions in environmental economics . Prasenjit. Banerjee

ISBN: 9781124293271

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194 pages


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Essays on mechanisms and institutions in environmental economics .  by  Prasenjit. Banerjee

Essays on mechanisms and institutions in environmental economics . by Prasenjit. Banerjee
| NOOK Study eTextbook | PDF, EPUB, FB2, DjVu, AUDIO, mp3, RTF | 194 pages | ISBN: 9781124293271 | 7.33 Mb

This dissertation focuses on behavioral economics in environmental economics and it uses theoretical and experimental methods. It investigates the performance and redesigning of mechanisms for environmental protection in the presence of behavioral and market failure.

Based on experimental methodology, my dissertation research examines human behavior in a bargaining framework under insecure property rights with investment opportunity. Results suggest that making property rights more secure creates incentive for people to maximize private benefits rather than social gains -- they overinvest in production. This dissertation explores the effect of how intrinsic motivation and concern for reputation enhance cooperation among individuals leading to greater environmental good.

It redesigns mechanism incorporating material interest and moral reputation. It examines how asymmetric information about reputation and land quality affects the performance of standard mechanisms designed for endangered species protection on private land. Results show the regulator can save some public funds as landowners with poor (or brown) reputation sacrifices information rent- rather they pay the regulator to gain reputation. Finally, it studies demand reveling behavior of individuals under Vickrey auction mechanism when they have point and interval values.

Results suggest people prefer to express their WTP in interval. With interval values, they bid true interval values or they bid the expected value in point or equating the expectation of interval bid with the expectation of interval value.



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