induces full compliance by every firm. This holds whether or not regulators have complete information about firms’ abatement … costs, the costs of monitoring them for compliance, or the costs of collecting penalties from noncompliant firms. Moreover …

the fine for disclosed violations and the assumption that firms know their compliance status without cost. When firms have … to expend resources to determine their compliance status, motivating a significant number of violation disclosures yields …

emissions trading programs be designed and implemented to achieve full compliance, or does allowing a certain amount of … penalty. However, one can design a policy that induces full compliance with a constant marginal penalty that meets the …

This paper uses laboratory experiments to investigate the performance of emission permit markets when compliance is … predicted values when these values were predicted to be low. Thus, although a standard model of compliance with emissions …

public good) when their members must finance enforcement relative to when compliance is ensured without the need for costly … requiring them to finance enforcement to maintain compliance reduces the overall provision of the public good. The decrease in …

analyses of IEAs simply ignore the issue of enforcing compliance by parties to the terms of an agreement. In this paper we … parties’ compliance to the terms of the IEA and impose penalties in cases of noncompliance. This approach is broadly … welfare is higher when IEAs require costly enforcement. These conclusions are accentuated when monitoring for compliance to …

This paper examines the effects of risk aversion on compliance choices in markets for pollution control. A firm …

compliance behavior under fixed emissions standards. As expected, we find significant differences between compliance behavior …