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SUMMARY:Polution Permits: Efficiency by Design
DTSTART:20260312T103000
DTEND:20260312T120000
DTSTAMP:20260416T072117Z
UID:2706b643b9aa62b66d3e91f56adab5737b4c708ec629739530129554
CATEGORIES:Conferences - Seminars
DESCRIPTION:Prof. Marek PYCIA - University of Zurich\nAbstract:\nThe annua
 l adverse effects of pollution are on the order of 10% of world GDP. Many 
 approaches are used or have been proposed to control the growing pollution
  problem\, but none of them allows for efficient pollution control in sett
 ings in which the marginal cost of pollution is increasing and polluters a
 re better informed than regulators about the costs of abatement. We propos
 e a simple primary market mechanism\, True-Cost Pay as Bid\, that implemen
 ts efficient pollution control and does not depend on how much information
  the regulators have about the abatement costs.\n\nShort bio: \nMarek Pyci
 a is the Professor of Organizational Economics at the University of Zurich
  and Co-Director of the Zurich Center for Market Design. His research led 
 to the establishment of a kidney-transplant voucher program in the US and 
 influenced the design of US school systems. The research has been publishe
 d in leading international journals including the American Economic Revie
 w\, Econometrica\, the Journal of Political Economy\, and the Review of E
 conomic Studies\, and it is supported by an ERC Consolidator Grant. Marek
  Pycia has served on the editorial boards of Theoretical Economics\, the J
 ournal of Economic Theory\, the International Journal of Game Theory\, th
 e Journal of Mechanism and Institution Design\, as well as Games and Econ
 omic Behavior\, and he is a Research Fellow at the Centre for Economic Po
 licy Research (CEPR). He worked at the University of California\, Los Ang
 eles\, the Pennsylvania State University\, and the Leon Koźmiński Acade
 my of Entrepreneurship and Management. He holds a Ph.D. in Economics from 
 the Massachusetts Institute of Technology.\n 
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STATUS:CONFIRMED
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