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Three essays on asymmetric informati...

Tak, Sung Han.

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Three essays on asymmetric information and public policy: Information, the environment, and the provision of defense goods.

Record Type:	Electronic resources : Monograph/item
Title/Author:	Three essays on asymmetric information and public policy: Information, the environment, and the provision of defense goods./
Author:	Tak, Sung Han.
Description:	114 p.
Notes:	Source: Dissertation Abstracts International, Volume: 64-09, Section: A, page: 3396.
Contained By:	Dissertation Abstracts International64-09A.
Subject:	Economics, General. -
Online resource:	http://pqdd.sinica.edu.tw/twdaoapp/servlet/advanced?query=3103972
ISBN:	0496515400

Three essays on asymmetric information and public policy: Information, the environment, and the provision of defense goods.
Tak, Sung Han.

Three essays on asymmetric information and public policy: Information, the environment, and the provision of defense goods. - 114 p.

Source: Dissertation Abstracts International, Volume: 64-09, Section: A, page: 3396.

Thesis (Ph.D.)--University of Southern California, 2003.

This dissertation provides a theoretical and empirical examination of the asymmetric information problem and its consequences in public policy. In particular, we explore the effects of asymmetric information on the environmental regulation, the environmental Kuznets curve, and the provision of defense goods, respectively.

ISBN: 0496515400Subjects--Topical Terms:

1017424
Economics, General.

Three essays on asymmetric information and public policy: Information, the environment, and the provision of defense goods.
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100 1 $a Tak, Sung Han. $3 1927041
245 1 0 $a Three essays on asymmetric information and public policy: Information, the environment, and the provision of defense goods.
300 $a 114 p.
500 $a Source: Dissertation Abstracts International, Volume: 64-09, Section: A, page: 3396.
500 $a Adviser: Robert Dekle.
502 $a Thesis (Ph.D.)--University of Southern California, 2003.
520 $a This dissertation provides a theoretical and empirical examination of the asymmetric information problem and its consequences in public policy. In particular, we explore the effects of asymmetric information on the environmental regulation, the environmental Kuznets curve, and the provision of defense goods, respectively.
520 $a The first chapter develops a positive theory of pollution tax under the assumptions of asymmetric information and regulator's rent-seeking. We find that politically determined pollution tax is different from the Pigouvian tax, in that many factors contribute to bias in environmental regulation. Votes held by the polluting industry, consumers' stake in industry, regulator's stake in industry, and information gap provide the regulator with motivation to set up a less stringent regulation.
520 $a The second chapter investigates the empirical relationship between information, freedom and the environment. We build our basic model by replicating Antweiler et al.'s (1998) model, and introduce six information indicators and the freedom variable to the basic model. Our estimates indicate that a 1% increase in freedom reduces the annual SO2 concentration by approximately 0.05--0.12%, and a 1% increase in information results in approximately 0.001 to 0.05% decreases in SO2 ambient. The environmental Kuznets curve gets flatter and shifts down after we introduce information and freedom to the basic replicated models.
520 $a The third chapter develops a political economic model of taxation in national defense under the assumptions of asymmetric information and representativeness, and draws its implications in the provision of defense goods. Our findings suggest that: (1) the optimal supply of defense goods is not likely to be achieved even under the perfect information setting due to the regulator's rent-seeking and group interests, (2) the asymmetric information between the consumers and politician causes the problem of oversupply of defense goods, (3) but democracy alleviates the oversupply problem in defense by narrowing the information gap.
520 $a These results suggest that it is important for consumers to narrow information gap between the regulator and them, because the asymmetric information problem produces inefficient results in the environment and national security.
590 $a School code: 0208.
650 4 $a Economics, General. $3 1017424
650 4 $a Environmental Sciences. $3 676987
650 4 $a Political Science, Public Administration. $3 1017438
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710 2 0 $a University of Southern California. $3 700129
773 0 $t Dissertation Abstracts International $g 64-09A.
790 1 0 $a Dekle, Robert, $e advisor
790 $a 0208
791 $a Ph.D.
792 $a 2003
856 4 0 $u http://pqdd.sinica.edu.tw/twdaoapp/servlet/advanced?query=3103972