Abstract
This article proposes a theoretical, incentive compatible, pollution damage revealing mechanism to induce people to reveal how much they are damaged by environmental degradation so polluters can be charged for the amount of damage caused. The mechanism is embedded in the participatory planning procedure that is part of a theoretical alternative to capitalism known as a “participatory economy.”
Get full access to this article
View all access options for this article.
References
1.
Albert
M.
Hahnel
R.
1991 . The political economy of participatory economics . Princeton, NJ : Princeton University Press .
2.
Albert
M.
Hahnel
R.
1992 a. Socialism as it was always meant to be . Review of Radical Political Economics 24 (3&4 ): 46 -66 .
3.
Albert
M.
Hahnel
R.
1992 b. Participatory planning . Science & Society 56 (1 ): 39 -59 .
4.
Albert
M.
Hahnel
R.
2002 . In defense of participatory economics . Science & Society 66 (1 ): 7 -22 .
5.
Boyce
J.
2002 . The political economy of the environment . Cheltenham, UK : Edward Elgar .
6.
Clark
E.
1971 . Multipart pricing of public goods . Public Choice (11 ): 17 -33 .
7.
Coase
R.
1960 . The problem of social cost . Journal of Law and Economics (3 ): 1 -44 .
8.
Groves
T.
1979 . Efficient collective choice when compensation is possible . Review of Economic Studies 46 (2 ).
9.
Groves
T.
Ledyard
J.
1977 . Optimal allocation of public goods: A solution to the “free rider” problem . Econometrica 45 (4 ).
10.
Hahnel
R.
2005 . Economic justice and democracy: From competition to cooperation . New York : Routledge .
11.
Hahnel
R.
2008 . Planeamiento democrático: Si, pero como hacerlo? Temas: Cultura, Ideologia, Sociedad 54 .
12.
Hahnel
R.
2011 . Green economics: Confronting the ecological crisis . Armonk, NY : M. E. Sharpe .
13.
Hahnel
R.
2012 a. Designing socialism: Visions, projections, models . Science & Society 76 (2 ).
14.
Hahnel
R.
2012 b. Of the people, by the people: The case for a participatory economy . Portland, OR : Soapbox Press .
15.
Hahnel
R.
2014 . Response to David Laibman’s ‘Appraisal of the participatory economy.’ Science & Society 78 (3 ) (July ): 379 -389 .
16.
Hahnel
R.
Albert
M.
1990 . Quiet revolution in welfare economics . Princeton, NJ : Princeton University Press .
17.
Hahnel
R.
Sheeran
K.
2009 . Misinterpreting the Coase theorem . Journal of Economic Issues 43 (2 ): 215 -237 .
18.
Hahnel
R.
Wright
E. O.
2015 . Alternatives to capitalism: Proposals for a democratic economy . London : Verso Books .
19.
Roemer
J.
1994 . A future for socialism . Cambridge, MA : Harvard University Press .
