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Replicator dynamics with Pigovian subsidy and capitation tax

✍ Scribed by Takafumi Kanazawa; Yasuhiko Fukumoto; Toshimitsu Ushio; Takurou Misaka


Book ID
103849765
Publisher
Elsevier Science
Year
2009
Tongue
English
Weight
556 KB
Volume
71
Category
Article
ISSN
0362-546X

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We compare dynamic taxes and quotas when a regulator and non-strategic ΓΏrm have asymmetric information. The regulator learns by using either a tax or a quota that can be slack. With a tax, the information asymmetry is resolved in one period. Optimal learning using a quota is less transparent, but we