Archive for April 27th, 2007

Unintended Incentives

27th 2007f April, 2007, Peter

It’s easy to design policy mechanisms which create incentives for the wrong sorts of behaviour, it seems. The Economist today reports on the incentives which the Kyoto Protocol has created for factories to produce MORE greenhouse gases other than carbon dioxide:
“Even after accounting for their potency, HFCs make up less than 1% of [...]