How to rescue the environment： The uncommon idea  

作　　者：Teresa Kwiatkowskd Wojciech Szatzschneider 

机构地区：[1]Philosophy Department, Universidad Autonoma Metropolitana-lztapalapa, Mexico, DF 09340, Mexico [2]Actuarial School, Anahuac University, Edo. de Mexico 52786, Mexico

出　　处：《China-USA Business Review》2009年第9期58-64,共7页美中经济评论（英文版）

摘　　要：Successful solution to any environmental problem implies working with Knightian uncertainty that explicitly deals with decision making under conditions of unstructured randomness. Nature did not endow us with clear set of laws. A ＂wild＂ type of randomness that we will never discern due to its unstable properties makes the assignment of corresponding probabilities impossible. For that reason, the consideration of general economical factors within cost/benefit analysis must fail. So, instead of governmental imervention and cup and trade scheme, we propose direct financial market out of certificates on environmental improvements. They could be applied unaided by a model specification. The approach is based on Principal-Agent method. We propose to fill a huge gap in what is called Free Market Environmentalism （FME）, and make the proposal of financial market property rights for situations when ＂property＂ rights can not be set.

关 键 词：PRINCIPAL-AGENT environment environmental destruction DECISION-MAKING 

分 类 号：F832.5[经济管理—金融学] X322[环境科学与工程—环境工程]