Government Incentives and Supervision about Renewable Energy Using in Large Public Buildings
If there is no effective incentive and supervision measures to promote renewable energy in large public buildings,economic incentives may cause moral hazard problems. In accordance with the game theory,the government can not fully grasp the level of actual investment of each large public building owner in using renewable energy. The appropriate incentive and penalty mechanism of government can be designed by the principal -agent theory. Analysis shows that an effective budget-balancing mechanism does not exit under risk neutral condition and the paper constructes a non-budget-balancing mechanism. If the building owners are all fully risk averse in reducing the fund of energy-saving, it is proved that a budget-balancing mechanism exits. If the effective incentives and punishment mechanisms can be established between the owners and the government,the energy efficiency goals can be expected to achieve.
Renewable resources Large public buildings building Incentives Supervision
Liu Hong-Wei Li Fei Li Jun
Institute of Construction Project Management Hohai University Yancheng Institute of Technology Nanji School of Civil Engineering Yancheng Institute of Technology Yancheng, China
国际会议
北京
英文
95-98
2010-08-08（万方平台首次上网日期，不代表论文的发表时间）