Our study, examining the impact of Responsible Care in the US chemical manufacturing sector, is the first to test the impact of self-regulation program on industrial accidents. RC requires members to adhere to codes of conduct on production safety and pollution prevention. Using our...

This is the first study to evaluate the impact of self-regulation on industrial accidents. We examine Responsible Care in the US chemical manufacturing sector using our author- constructed database of 1,867 firms that own 2,963 plants between 1988 and 2001. Firms' self- selection into RC is...

This paper examines the effect of the U.S. Environmental Protection Agency's Cluster Rule on the product-mix decisions of plants in the pulp, paper, and paperboard industries. The Cluster Rule combines regulatory requirements from the Clean Air Act and Clean Water Act, and calls for affected...

This paper addresses the boundaries of firms' voluntary self-regulation in the context of information disclosure laws, a widely used regulatory approach that requires firms to disclose otherwise private information, reducing information asymmetries in the hopes that market mechanisms may then...

The focus of this paper is to explore the effects of economic freedom on a circular economy and the channels it works. Using data from 28 EU countries over the period 2001–2021, we find that economic freedom increases resource productivity, the recycling rate of waste, and income from...

Information disclosure regulations are increasingly common, but their effects on the behavior of regulated firms are unclear. The 1996 Amendments to the Safe Drinking Water Act mandated that community drinking water suppliers issue to customers annual consumer confidence reports (CCRs),...

In the US, much of the authority to administer the Clean Air Act (CAA) is delegated to indi-vidual states. States are responsible primarily for the administration of the National Ambient Air Quality Standards (NAAQS), which impose technological and other requirements on stationary emission...

This paper presents a theoretical model of remanufacturing where a duopoly of original manufacturers produces a component of a final good. The specific component that needs to be replaced during the lifetime of the final good creates a secondary market where independent remanufacturers enter the...

In this paper we analyze the investment behavior of electricity distribution companies. First, we test the hypothesis if the implementation of an incentive-based regulatory scheme with revenue caps impacts the firms' investment decisions in general. Second, we test if the specific regulatory...

In this paper, we argue that fundamental reforms of the Swedish business sector can explain the remarkable productivity and employment growth that followed the deep economic crisis in Sweden in the early 1990s. In the 1970s and 1980s, Sweden had one of the most regulated business sectors in the...