作者：Boyer, M; Laffont, JJ
作者单位：Universite de Montreal; Polytechnique Montreal; Universite de Toulouse; Universite Toulouse 1 Capitole; Universite de Toulouse; Universite Toulouse 1 Capitole
摘要：This article makes some steps toward a formal political economy of environmental policy. Economists' quasi-unanimous preference for sophisticated incentive regulation is reconsidered. We recast the question. of instrument choice in the general mechanism design literature within art incomplete contract approach to political economy. We show why constitutional constraints on the instruments of environmental policy may be desirable, even though they appear inefficient from a standard economic vie...
