We study a model in which corporate social responsibility (CSR) arises as a response to inefficient regulation. In our … attenuated through government regulation, which is set endogenously and may or may not be socially optimal. Governments may … choose suboptimal levels of regulation if they face lobbying pressure from companies. Companies can, in turn, hire socially …

In France, firms with 50 employees or more face substantially more regulation than firms with less than 50. As a result … regulation as the combination of a sunk cost that must be paid the first time the firm reaches 50 employees, and a payroll tax … indirect inference by fitting the discontinuity of the size distribution. The key finding is that the regulation is equivalent …

Quantity-based regulation with banking allows regulated firms to shift obligations across time in response to periods …

This paper extends Weitzman's (1974) seminal paper comparing price and quantity instruments for regulation to consider … efficient instrument. This theory is applied to dynamic pollution problems, and suggests that permit banking should be allowed …

The traditional view of economists has been that corrective taxes are superior to direct" regulation of harmful … have adopted the view that either corrective" taxes or quantity regulation could be superior to the other. One argument for …) even when harm is nonlinear. Corrective taxes are indeed superior to quantity" regulation if -- as seems more plausible …