Motorcycles Retirement Program: Choosing the Appropriate Regulatory Framework

• Tác giả: Akinori Tomohara
• Ngôn ngữ: eng
• Ký hiệu phân loại: 646.79 Guides for persons in late adulthood
• Thông tin xuất bản: 2012
• Bộ sưu tập: Tài liệu truy cập mở
• ID: 292638
• Chủ đề: 1. Economic Development: Agriculture; 2. Economics of Regulation L510; 3. Energy; 4. Environment; 5. Natural Resources

Tóm tắt

This paper studies instrument choice under market-based regulations when governments expropriate private property in order to protect the environment. The analysis uses survey data collected for Bangkok's old motorcycle retirement program. While the literature studies only "Cash for Clunkers" schemes, this hypothetical experiment allows us to compare owners' preferences for alternative schemes. Policy implications of the proposed schemes can be inferred after examining owners' responses to different financial incentive provided by the government. Our analysis provides criteria that could be used when choosing one scheme over another.