Application of Incentive Mechanism in Building Energy Efficiency Regulation
Considering the external characteristics of building energy efficiency, the essay points out the necessity for incentive mechanism design. Building energy regulation should take into account the building owner's participation constraint and incentive compatibility constraint. The asymmetry of information about building energy should be considered, then the game model under asymmetric information can be established. This paper proved that optimal mechanism of non-symmetric information was different from the asymmetric information. According to the analysis of the paper，incentive mechanism is necessary for the government.
Dongye Sun, Wen-Pei Sung and Ran Chen
H. W. Liu et al., "Application of Incentive Mechanism in Building Energy Efficiency Regulation", Applied Mechanics and Materials, Vols. 71-78, pp. 242-245, 2011