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The Effects of Environmental Policy on the Performance of Environmental RIVs

Katsoulacos, Yannis - 1999

Much of the potential impact of environmental policy is though to come from the incentives it gives firms to develop and introduce new environmental products and processes. Almost all the literature on this issue has focused on the impact of environmental policy on the amount environmental R&D...

Persistent link: https://www.econbiz.de/10012471483

Environmental Policy and Firm Behavior : Abatement Investment and Location Decisions Under Uncertainty and Irreversibility

Xepapadeas, Anastasios - 1999

This paper explores abatement investment and location responses to environmental policy, which takes the form of emission taxes or tradeable emission permits and subsidies against the costs of abatement investment, under uncertainty and irreversibility. Uncertainty is associated with output...

Persistent link: https://www.econbiz.de/10012471512

Punishment and Cooperation in Stochastic Social Dilemmas

Xiao, Erte - 2012

Previous findings on punishment have focused on environments in which the outcomes are known with certainty. In this … paper, we conduct experiments to investigate how punishment affects cooperation in a two-person stochastic prisoner … specified probabilistically under a transparent information condition. In particular, we study two types of punishment …

Persistent link: https://www.econbiz.de/10012460202

Going Green in China : Firms’ Responses to Stricter Environmental Regulations

Fan, Haichao - 2019

This paper examines the effect of stringent environmental regulations on firms' environmental practices, economic performance, and environmental innovation. Reducing COD levels by 10% relative to 2005 levels is an aim of the Chinese 11th Five-Year Plan. Using a difference-in-differences...

Persistent link: https://www.econbiz.de/10012480484

Global Pricing of Carbon-Transition Risk

Bolton, Patrick; Kacperczyk, Marcin - National Bureau of Economic Research - 2021

Companies are exposed to carbon-transition risk as the global economy transitions away from fossil fuels to renewable energy. We estimate the market-based premium associated with this transition risk at the firm level in a cross-section of over 14,400 firms in 77 countries. We find a widespread...

Persistent link: https://www.econbiz.de/10012482725

A Fundamental Enforcement Cost Advantage of the Negligence Rule over Regulation

Shavell, Steven - 2012

Regulation and the negligence rule are both designed to obtain compliance with desired standards of behavior, but they differ in a primary respect: compliance with regulation is ordinarily assessed independently of the occurrence of harm, whereas compliance with the negligence rule is evaluated...

Persistent link: https://www.econbiz.de/10012460242

The Political Economy of Weak Treaties

Battaglini, Marco - 2016

puzzle in standard economic models. To study this phenomenon, we propose a positive theory of IEAs in which the political … (might not be implemented in full). The theory also provides a new perspective for understanding investments in green …

Persistent link: https://www.econbiz.de/10012455712

Informationally Efficient Climate Policy : Designing Markets to Measure and Price Externalities

Lemoine, Derek - National Bureau of Economic Research - 2022

I study how policymakers can access and act on the information about climate change damages that is dispersed throughout the economy. I analyze a new dynamic deposit-refund instrument (called "carbon shares") that I show can: i) efficiently price emissions conditional on information, ii)...

Persistent link: https://www.econbiz.de/10013435097

Essays in the economics of crime and punishment

Becker, Gary S. (ed.); Landes, William M. (contributor) - 1974

Persistent link: https://www.econbiz.de/10000330102

Crime, Punishment, and Myopia

Lee, David S. - 2005

Economic theory predicts that increasing the severity of punishments will deter criminal behavior by raising the …

Persistent link: https://www.econbiz.de/10012467188