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- W3171035735 abstract "The question in which we are interested is how a market inhabited by multiple agents, about whom we are differentially uncertain, and who trade goods the use of which imposes a negative effect on others, is to be ideally regulated. We show that a priori asymmetric uncertainty, when combined with a posteriori observed outcomes, is a rich source of information that can be used to reduce aggregate uncertainty. The observation implies that whereas asymmetric information usually entails a cost on welfare, it can help achieve greater efficiency in regulation." @default.
- W3171035735 created "2021-06-22" @default.
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- W3171035735 date "2019-01-01" @default.
- W3171035735 modified "2023-09-23" @default.
- W3171035735 title "Regulating Global Externalities" @default.
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- W3171035735 doi "https://doi.org/10.2139/ssrn.3312185" @default.
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