Delegating pollution permits*
研究了政府将污染许可销售规制委托给有偏见的专家时，污染企业拥有技术私人信息的情况，发现低成本企业更可能被委托，这与不确定性原则相悖。
Abstract We discuss the decision to delegate the regulation of pollution through sales of permits to a biased expert in a situation where the polluting firm has private information about its technology. We consider, in particular, constrained delegation where the government puts restrictions on the amount of pollution that the expert can sell permits for. We find that, in general, delegation is more likely if the firm is low‐cost. This is not in line with the so‐called uncertainty principle, which states that there is more delegation the more uncertainty the government faces.