Hong, Jhung-Soo; Kim, Jae-Cheol - In: Environmental Economics and Policy Studies 3 (2000) 3, pp. 347-354
under a constraint of pollution control. We showed that when there is an asymmetrical information problem regarding firms …’ pollution control efforts, both enforcement tools are generally needed. Taking as a benchmark a situation where firms … voluntarily engage in pollution control activities, we found that when the profit level is high, the suspension order is more …