Camacho Cuena, Eva; Requate, Till - Institut für Volkswirtschaftslehre, … - 2004
deal with non-point source pollution : collective fining, random fining, and a tax-subsidy scheme. Our results show that … collective and random fining schemes do not induce the subjects to play the efficient equilibrium. Experience from participation …-abate. Experience enforces this tendency. Controlling for the subjects? risk attitude, we find that for risk averse subjects the random …
