This paper addresses the issue of environmental policy instrument choice for achieving deep emissions reductions in the industrial sector. Specifically, it provides: (a) a theoretical review of the conditions under which performance standards can provide efficient incentives for environmental...

This working paper contributes to the burgeoning historical literature which has transformed our understanding about the relationship between big business and the environmental regulation. It used to be believed that corporate managers resisted the extra costs imposed by environmental regulation...

This paper addresses the issue of environmental policy instrument choice for achieving deep emission reductions in the industrial sector. Specifically, it provides: (a) a theoretical and empirical review of the conditions under which performance standards can provide efficient incentives for...