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【明理讲堂2023年第14期】4-11北京大学光华12BET翁翕教授:Hybrid Contracts, Multitasking, and Incentives: Theory and Evidence from China's Air Pollution Controls

报告人:翁翕教授北京大学光华12BET

时间:2023年4月11日(星期二)下午14:00

地点:主楼317

报告内容简介:

This paper examines how local Chinese officials respond to hybrid contracts (i.e., minimum air pollution control targets together with high-powered promotion incentives for economic growth), and make trade-offs between economic development and environmental protection. Using a novel prefecture-day level dataset on air quality and applying a regression discontinuity design, we find strong evidence that air quality tends to improve when the air quality target is doomed to fail, but deteriorates significantly after the early fulfillment of the target is guaranteed. These responses are mainly driven by ``outsiders'' – local officials who had no previous working experience in the locality and probably valued the local environment less. We also find evidence that for those cities facing a higher pressure of local economic development, the improvement in air quality performance after doomed failure will be weakened while the deterioration in air quality performance after early fulfillment will be more severe. We build a simple theoretical model to rationalize these key findings. Our study sheds light on how minimum air quality targets have functioned in China’s context and highlights the role of minimum performance targets in balancing efforts at environmental protection and economic development.

报告人简介:

翁翕,现为北京大学光华12BET应用经济系长聘教授,教育部青年长江学者,国家自然科学基金委杰出青年科学基金获得者,中国信息经济学会副理事长,北京大学经管学部学术委员会委员。他的主要研究领域为博弈论,信息经济学和组织经济学。他本科、硕士均毕业于北京大学,博士毕业于美国宾夕法尼亚大学。他的研究成果发表于国外顶级学术期刊,如Journal of Finance,Management Science,Economic Journal,American Economic Journal: Microeconomics,Journal of Economic History,Journal of Economic Theory,International Economic Review,Rand Journal of Economics。他主持或参与国家自然科学基金、北京市社科基金、发改委、市场监管总局、中国科协等课题十余项。翁博士在科研方面曾获奖项有:2022张培刚发展经济学青年学者奖,2020第八届高校科学研究优秀成果奖(人文社会科学)青年成果奖,2019中国信息经济学优秀成果奖,2019厉以宁科研奖,2017中国信息经济学青年创新奖,2017第十三届北京大学人文社会科学研究优秀成果一等奖,2016中国信息经济学乌家培奖。

(承办:管理工程系、科研与学术交流中心)