Protecting the Environment When Costs and Benefits are Privately Known
综述了当利益相关者私下了解污染减排的成本和收益时，如何设计环境保护政策，指出信息不对称要求偏离教科书中的可交易许可证和排放税方案，并提出了未来研究方向。
In this survey I analyze different approaches for protecting the environment when stakeholders are privately informed about the costs and benefits of pollution reduction. The presence of asymmetric information calls for some important departures from the textbook prescriptions of marketable permits and emission taxes for controlling pollution. For instance, it may no longer be optimal to equate the social marginal benefits to the marginal cost of cleanup in determining appropriate abatement levels. I conclude this review with some suggestions for future research in this area.