/non-market (i.e. government regulation, judiciary/legal system) incentives for a firm to act voluntarily on environmental quality is … incentive perceived by the decision maker of firm gets increases. Firms put a higher weight on the impact on regulation and … legal system than the private incentives and the firm size has a substantial impact on its response to the environment. The …

that the eight-year catch-up period allowed in this regulation gives strong incentives to reduce costs since the firms can …Data Envelopment Analysis (DEA) based cost norms have attractive properties in the regulation of natural monopolies … to suboptimal incentives. When a regulated firm compares the marginal change in its cost norm with its marginal cost of …

achieve best management. The results indicate that financial incentives are likely to be requiredto encourage smaller graziers … to invest in changing their management practices, while largergraziers may only require incentives to balance the risk …