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 …

derive an enforcement strategy with a self-reporting requirement that achieves complete compliance in a cost-effective manner …

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

Since firms in an emissions trading program are linked together through a permit market, so too are their compliance … compliance and emissions decisions, but also the indirect effects that occur because changes in enforcement can induce changes in …

designs. Thus, the circumstances under which it is efficient to implement policies that do not motivate full compliance appear …, and the costs of dealing with the added regulatory uncertainty that is produced by imperfect compliance. …

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 …

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 …