<?xml version="1.0" encoding="utf-8"?>
<TEI xmlns="http://www.tei-c.org/ns/1.0" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance" xmlns:hal="http://hal.archives-ouvertes.fr/" xmlns:gml="http://www.opengis.net/gml/3.3/" xmlns:gmlce="http://www.opengis.net/gml/3.3/ce" version="1.1" xsi:schemaLocation="http://www.tei-c.org/ns/1.0 http://api.archives-ouvertes.fr/documents/aofr-sword.xsd">
  <teiHeader>
    <fileDesc>
      <titleStmt>
        <title>HAL TEI export of hal-01425109</title>
      </titleStmt>
      <publicationStmt>
        <distributor>CCSD</distributor>
        <availability status="restricted">
          <licence target="https://creativecommons.org/publicdomain/zero/1.0/">CC0 1.0 - Universal</licence>
        </availability>
        <date when="2026-05-14T06:29:35+02:00"/>
      </publicationStmt>
      <sourceDesc>
        <p part="N">HAL API Platform</p>
      </sourceDesc>
    </fileDesc>
  </teiHeader>
  <text>
    <body>
      <listBibl>
        <biblFull>
          <titleStmt>
            <title xml:lang="en">Pricing Monitoring Uncertainty in Climate Policy</title>
            <author role="aut">
              <persName>
                <forename type="first">Valentin</forename>
                <surname>Bellassen</surname>
              </persName>
              <email type="md5">06316908624d3f9dc3e10759f0aa1ba7</email>
              <email type="domain">inrae.fr</email>
              <idno type="idhal" notation="string">valentin-bellassen</idno>
              <idno type="idhal" notation="numeric">185084</idno>
              <idno type="halauthorid" notation="string">48837-185084</idno>
              <idno type="ORCID">https://orcid.org/0000-0001-8581-2814</idno>
              <orgName ref="#struct-577435"/>
              <affiliation ref="#struct-30554"/>
            </author>
            <author role="aut">
              <persName>
                <forename type="first">I.</forename>
                <surname>Shishlov</surname>
              </persName>
              <idno type="halauthorid">1098730-0</idno>
              <affiliation ref="#struct-135977"/>
            </author>
            <editor role="depositor">
              <persName>
                <forename>Frédérique</forename>
                <surname>Bordignon</surname>
              </persName>
              <email type="md5">6ab7dcc25be510ea52e3d2052248c5af</email>
              <email type="domain">enpc.fr</email>
            </editor>
          </titleStmt>
          <editionStmt>
            <edition n="v1" type="current">
              <date type="whenSubmitted">2021-07-02 14:30:12</date>
              <date type="whenModified">2025-10-01 14:24:03</date>
              <date type="whenReleased">2021-07-07 14:20:48</date>
              <date type="whenProduced">2017</date>
              <date type="whenEndEmbargoed">2021-07-02</date>
              <ref type="file" target="https://enpc.hal.science/hal-01425109v1/document">
                <date notBefore="2021-07-02"/>
              </ref>
              <ref type="file" subtype="author" n="1" target="https://enpc.hal.science/hal-01425109v1/file/2017%20-%20Bellassen%20%26%20Shishlov%20-%20ERE%20-%20Pricing%20Monitoring%20Uncertainty%20in%20Climate%20Policy_preprint.pdf" id="file-3276839-2879523">
                <date notBefore="2021-07-02"/>
              </ref>
              <ref type="externalLink" target="https://hal-enpc.archives-ouvertes.fr/hal-01425109/file/2017%20-%20Bellassen%20%26%20Shishlov%20-%20ERE%20-%20Pricing%20Monitoring%20Uncertainty%20in%20Climate%20Policy_preprint.pdf"/>
              <fs>
                <f name="inra_etatDocument_local" notation="numeric">
                  <numeric>0</numeric>
                </f>
                <f name="inra_etatDocument_local" notation="string" n="0">
                  <string>inra_etatDocument_local_0</string>
                </f>
                <f name="inra_publicVise_local" notation="string" n="SC">
                  <string>inra_publicVise_local_SC</string>
                </f>
              </fs>
            </edition>
            <respStmt>
              <resp>contributor</resp>
              <name key="125655">
                <persName>
                  <forename>Frédérique</forename>
                  <surname>Bordignon</surname>
                </persName>
                <email type="md5">6ab7dcc25be510ea52e3d2052248c5af</email>
                <email type="domain">enpc.fr</email>
              </name>
            </respStmt>
          </editionStmt>
          <publicationStmt>
            <distributor>CCSD</distributor>
            <idno type="halId">hal-01425109</idno>
            <idno type="halUri">https://enpc.hal.science/hal-01425109</idno>
            <idno type="halBibtex">bellassen:hal-01425109</idno>
            <idno type="halRefHtml">&lt;i&gt;Environmental and Resource Economics&lt;/i&gt;, 2017, 68 (4), pp.949-974. &lt;a target="_blank" href="https://dx.doi.org/10.1007/s10640-016-0055-x"&gt;&amp;#x27E8;10.1007/s10640-016-0055-x&amp;#x27E9;&lt;/a&gt;</idno>
            <idno type="halRef">Environmental and Resource Economics, 2017, 68 (4), pp.949-974. &amp;#x27E8;10.1007/s10640-016-0055-x&amp;#x27E9;</idno>
            <availability status="restricted">
              <licence target="https://about.hal.science/hal-authorisation-v1/">HAL Authorization<ref corresp="#file-3276839-2879523"/></licence>
            </availability>
          </publicationStmt>
          <seriesStmt>
            <idno type="stamp" n="CIRAD">CIRAD - Centre de coopération internationale en recherche agronomique pour le développement</idno>
            <idno type="stamp" n="SDE">Sciences De l'Environnement</idno>
            <idno type="stamp" n="AGROPARISTECH">AgroParisTech</idno>
            <idno type="stamp" n="ENPC" corresp="PARISTECH">École nationale des ponts et chaussées </idno>
            <idno type="stamp" n="CNRS">CNRS - Centre national de la recherche scientifique</idno>
            <idno type="stamp" n="EHESS">Ecole des Hautes Etudes en Sciences Sociales</idno>
            <idno type="stamp" n="INRA">INRA - Institut national de la recherche agronomique</idno>
            <idno type="stamp" n="CIRED">Centre International de Recherche sur l'Environnement et le Développement</idno>
            <idno type="stamp" n="PARISTECH">ParisTech</idno>
            <idno type="stamp" n="GIP-BE">GIP Bretagne Environnement</idno>
            <idno type="stamp" n="CAMPUS-AAR">Campus-AAR</idno>
            <idno type="stamp" n="AAI">Collection LaCAS - Open Archives in Language and Cultural Area Studies</idno>
            <idno type="stamp" n="UNIV-PARIS-SACLAY">Université Paris-Saclay</idno>
            <idno type="stamp" n="AGREENIUM">Archive ouverte en agrobiosciences</idno>
            <idno type="stamp" n="AGROPARISTECH-SACLAY" corresp="UNIV-PARIS-SACLAY">AgroParisTech-Saclay</idno>
            <idno type="stamp" n="INRAE">Institut National de Recherche en Agriculture, Alimentation et Environnement</idno>
            <idno type="stamp" n="CESAER">Centre d'Economie et de Sociologie Rurales Appliquées à l'Agriculture et aux Espaces Ruraux </idno>
            <idno type="stamp" n="INSTITUT-AGRO">Institut Agro</idno>
          </seriesStmt>
          <notesStmt>
            <note type="audience" n="2">International</note>
            <note type="popular" n="0">No</note>
            <note type="peer" n="1">Yes</note>
          </notesStmt>
          <sourceDesc>
            <biblStruct>
              <analytic>
                <title xml:lang="en">Pricing Monitoring Uncertainty in Climate Policy</title>
                <author role="aut">
                  <persName>
                    <forename type="first">Valentin</forename>
                    <surname>Bellassen</surname>
                  </persName>
                  <email type="md5">06316908624d3f9dc3e10759f0aa1ba7</email>
                  <email type="domain">inrae.fr</email>
                  <idno type="idhal" notation="string">valentin-bellassen</idno>
                  <idno type="idhal" notation="numeric">185084</idno>
                  <idno type="halauthorid" notation="string">48837-185084</idno>
                  <idno type="ORCID">https://orcid.org/0000-0001-8581-2814</idno>
                  <orgName ref="#struct-577435"/>
                  <affiliation ref="#struct-30554"/>
                </author>
                <author role="aut">
                  <persName>
                    <forename type="first">I.</forename>
                    <surname>Shishlov</surname>
                  </persName>
                  <idno type="halauthorid">1098730-0</idno>
                  <affiliation ref="#struct-135977"/>
                </author>
              </analytic>
              <monogr>
                <idno type="halJournalId" status="VALID">20671</idno>
                <idno type="issn">0924-6460</idno>
                <idno type="eissn">1573-1502</idno>
                <title level="j">Environmental and Resource Economics</title>
                <imprint>
                  <publisher>Springer</publisher>
                  <biblScope unit="volume">68</biblScope>
                  <biblScope unit="issue">4</biblScope>
                  <biblScope unit="pp">949–974</biblScope>
                  <date type="datePub">2017</date>
                </imprint>
              </monogr>
              <idno type="doi">10.1007/s10640-016-0055-x</idno>
              <idno type="prodinra">387703</idno>
              <idno type="wos">000416801700006</idno>
              <ref target="https://hal-enpc.archives-ouvertes.fr/hal-01425109" type="seeAlso"/>
              <ref type="publisher">https://link.springer.com/journal/10640</ref>
            </biblStruct>
          </sourceDesc>
          <profileDesc>
            <langUsage>
              <language ident="en">English</language>
            </langUsage>
            <textClass>
              <keywords scheme="author">
                <term xml:lang="en">Carbon offsets</term>
                <term xml:lang="en">Uncertainty</term>
                <term xml:lang="en">Monitoring</term>
                <term xml:lang="en">Information asymmetry</term>
                <term xml:lang="en">Climate policy</term>
                <term xml:lang="en">Adverse selection</term>
              </keywords>
              <classCode scheme="halDomain" n="sde">Environmental Sciences</classCode>
              <classCode scheme="halTypology" n="ART">Journal articles</classCode>
              <classCode scheme="halOldTypology" n="ART">Journal articles</classCode>
              <classCode scheme="halTreeTypology" n="ART">Journal articles</classCode>
            </textClass>
            <abstract xml:lang="en">
              <p>This article assesses the environmental and economic efficiency of three different approaches to treat monitoring uncertainty in climate policy, namely prescribing uncertainty, setting minimum certainty thresholds and pricing uncertainty through a discount. Our model of the behavior of profit-maximizing agents demonstrates that under the simplest set of assumptions the regulator has no interest in reducing monitoring uncertainty. However, in the presence of information asymmetry, monitoring uncertainty may hamper the economic and environmental performance of climate policy due to adverse selection. In a mandatory policy, prescribing a reasonable level of uncertainty is preferable if the regulator has enough information to determine this level. For voluntary mechanisms, such as carbon offsets, allowing agents to set their own monitoring uncertainty below a maximum threshold or discounting carbon revenues in proportion to monitoring uncertainty are the best approaches for the regulator to mitigate the negative effects of information asymmetry. These conclusions are much more pronounced when agents do not accrue revenues from their mitigation action, other than carbon. Our analysis of monitoring uncertainty under information asymmetry, which results in heterogeneity in the agents’ benefits from abatement, generalizes the classical trade-off between production efficiency and information rents.</p>
            </abstract>
          </profileDesc>
        </biblFull>
      </listBibl>
    </body>
    <back>
      <listOrg type="structures">
        <org type="laboratory" xml:id="struct-30554" status="OLD">
          <idno type="IdRef">140162739</idno>
          <idno type="RNSR">199717902B</idno>
          <orgName>Centre d'Economie et de Sociologie Rurales Appliquées à l'Agriculture et aux Espaces Ruraux</orgName>
          <orgName type="acronym">CESAER</orgName>
          <date type="start">2009-02-18</date>
          <date type="end">2019-12-31</date>
          <desc>
            <address>
              <addrLine>26 boulevard du Docteur Petitjean BP 87999 21079 Dijon cedex</addrLine>
              <country key="FR"/>
            </address>
            <ref type="url">https://www2.dijon.inra.fr/cesaer/</ref>
          </desc>
          <listRelation>
            <relation name="UMR1041" active="#struct-92114" type="direct"/>
            <relation name="UMR1041" active="#struct-415469" type="direct"/>
          </listRelation>
        </org>
        <org type="laboratory" xml:id="struct-135977" status="OLD">
          <idno type="IdRef">026510413</idno>
          <idno type="RNSR">199812896F</idno>
          <orgName>centre international de recherche sur l'environnement et le développement</orgName>
          <orgName type="acronym">CIRED</orgName>
          <date type="start">1998-01-01</date>
          <date type="end">2019-12-31</date>
          <desc>
            <address>
              <addrLine>45 bis, avenue de la Belle Gabrielle - 94736 Nogent-sur-Marne Cedex</addrLine>
              <country key="FR"/>
            </address>
            <ref type="url">http://www.centre-cired.fr/</ref>
          </desc>
          <listRelation>
            <relation name="UMR56" active="#struct-11574" type="direct"/>
            <relation active="#struct-99539" type="direct"/>
            <relation active="#struct-148117" type="direct"/>
            <relation active="#struct-301545" type="direct"/>
            <relation name="UMR8568" active="#struct-441569" type="direct"/>
          </listRelation>
        </org>
        <org type="institution" xml:id="struct-92114" status="OLD">
          <idno type="ROR">https://ror.org/01x3gbx83</idno>
          <orgName>Institut National de la Recherche Agronomique</orgName>
          <orgName type="acronym">INRA</orgName>
          <date type="start">1946-05-18</date>
          <date type="end">2019-12-31</date>
          <desc>
            <address>
              <country key="FR"/>
            </address>
            <ref type="url">http://www.inra.fr</ref>
          </desc>
        </org>
        <org type="institution" xml:id="struct-415469" status="OLD">
          <idno type="IdRef">13996634X</idno>
          <idno type="ROR">https://ror.org/03zek0r74</idno>
          <orgName>AgroSup Dijon - Institut National Supérieur des Sciences Agronomiques, de l'Alimentation et de l'Environnement</orgName>
          <date type="start">2009-03-01</date>
          <date type="end">2021-12-31</date>
          <desc>
            <address>
              <addrLine>26 Boulevard du Dr Petitjean - BP 87999 - 21079 Dijon cedex</addrLine>
              <country key="FR"/>
            </address>
            <ref type="url">http://www.agrosupdijon.fr/</ref>
          </desc>
        </org>
        <org type="institution" xml:id="struct-11574" status="VALID">
          <idno type="ISNI">0000000121539871</idno>
          <idno type="ROR">https://ror.org/05kpkpg04</idno>
          <orgName>Centre de Coopération Internationale en Recherche Agronomique pour le Développement</orgName>
          <orgName type="acronym">Cirad</orgName>
          <date type="start">1984-06-01</date>
          <desc>
            <address>
              <addrLine>Siège 42, rue Scheffer 75116 Paris</addrLine>
              <country key="FR"/>
            </address>
            <ref type="url">http://www.cirad.fr</ref>
          </desc>
        </org>
        <org type="institution" xml:id="struct-99539" status="VALID">
          <idno type="IdRef">026374889</idno>
          <idno type="ROR">https://ror.org/02d9dg697</idno>
          <orgName>École des hautes études en sciences sociales</orgName>
          <orgName type="acronym">EHESS</orgName>
          <date type="start">1975-01-01</date>
          <desc>
            <address>
              <addrLine>54, boulevard Raspail 75006 Paris</addrLine>
              <country key="FR"/>
            </address>
            <ref type="url">http://www.ehess.fr/</ref>
          </desc>
        </org>
        <org type="institution" xml:id="struct-148117" status="VALID">
          <idno type="IdRef">139408088</idno>
          <idno type="ROR">https://ror.org/02kbmgc12</idno>
          <orgName>AgroParisTech</orgName>
          <date type="start">2007-01-01</date>
          <desc>
            <address>
              <addrLine>22 place de l'Agronomie CS 20040 91123 Palaiseau cedex</addrLine>
              <country key="FR"/>
            </address>
            <ref type="url">https://www.agroparistech.fr/</ref>
          </desc>
        </org>
        <org type="institution" xml:id="struct-301545" status="OLD">
          <idno type="ROR">https://ror.org/02nwvxz07</idno>
          <orgName>École nationale des ponts et chaussées</orgName>
          <orgName type="acronym">ENPC</orgName>
          <date type="start">1747-02-14</date>
          <date type="end">2024-12-31</date>
          <desc>
            <address>
              <addrLine>École nationale des ponts et chaussées, 6-8 avenue Blaise-Pascal, Cité Descartes, Champs-sur-Marne, 77455 Marne-la-Vallée cedex 2</addrLine>
              <country key="FR"/>
            </address>
            <ref type="url">https://ecoledesponts.fr/</ref>
          </desc>
        </org>
        <org type="regroupinstitution" xml:id="struct-441569" status="VALID">
          <idno type="IdRef">02636817X</idno>
          <idno type="ISNI">0000000122597504</idno>
          <idno type="ROR">https://ror.org/02feahw73</idno>
          <orgName>Centre National de la Recherche Scientifique</orgName>
          <orgName type="acronym">CNRS</orgName>
          <date type="start">1939-10-19</date>
          <desc>
            <address>
              <country key="FR"/>
            </address>
            <ref type="url">https://www.cnrs.fr/</ref>
          </desc>
        </org>
      </listOrg>
    </back>
  </text>
</TEI>