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complete compliance with minimal enforcement costs. Our strategies emphasize imperfect monitoring supported by a high unit … it may actually increase the amount of monitoring necessary to maintain compliance. Copyright Springer Science …We propose enforcement strategies for emissions trading programs with bankable emissions permits that guarantee …
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suits against polluters. Here, I extend the standard enforcement model to examine the role played by citizen suits. The main … results from the paper suggest that in a model with limited enforcement power and citizen suits the regulator fully exercises … his enforcement power when the expected penalty from a citizen suit is low, but increases his reliance on citizen suits as …
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environmental compliance. We first examine whether environmental performance affects consumer demand and find that noncompliance … does decrease demand, at least in the short term. Next we consider whether market characteristics affect compliance … behavior. While we do not find evidence that market size affects behavior, local competition does appear to increase compliance …
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In this paper we show that, if the relation between the actual monitoring probability and the extent of compliance in … the regulated population is concave to the actual probability axis, providing perfect information raises compliance rates …
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) audits from 1990 through 2010. We find that discretion in enforcement differs in state and federally conducted inspections …
Persistent link: https://www.econbiz.de/10010866768
Enforcement agencies issuing warnings are an empirical regularity in the enforcement of laws and regulations, but a … challenge to the standard economic theory of public enforcement. A number of recent contributions explain the popularity of … explanation: Warnings can serve as a signaling device in the interaction between the enforcement agency and its budget …
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I develop a principal-agent model of environmental regulation in which the regulator can acquire two costly signals of the firm’s abatement effort. Acquisition of the second signal is conditioned on the observed value of the first, emissions signal. The optimal contract takes the form of an...
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