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subject to credible threats of harsh punishment. This seems quite consistent with predictions from standard theory. Although … theory, a result labeled the "Harrington paradox" in the literature. Enforcement data from Norway presented here appears, at … predicted by standard theory should be viewed with skepticism …
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Our ecosystem and mainly our natural resources represent a vital ecological portfolio. Environment is good for business at a time business is not keen to invest in compliance measures. Sustaining the environment is costly and adds additional burden. The burden not only financial, it is mainly...
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Government regulators have shown considerable interest in encouraging businesses to participate in voluntary environmental programs and practice environmental stewardship in ways that go beyond what regulations require. At the same time, researchers have increasingly worked to understand how...
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We find that high environmental penalties are associated with a subsequent decline in green patents by U.S. manufacturing firms. Utilizing the 1990 Clean Air Act Amendment (1990 CAAA) as a quasi-natural experiment, we show that an exogenous shock increasing expected environmental penalties...
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This paper argues that the "Economics of Crime" concentrates too much on punishment as a policy to fight crime, which … is unwise for several reasons. There are important instances in which punishment simply cannot reduce crime. Several … feasible alternatives to punishment exist, such as offering positive incentives or handing out awards for law abiding behavior …
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