We study the regulation of a morally responsible agent in the context of a negative consumption externality and … moral responsibility. Employing a motivation-crowding model, we find that morally motivated behavior will, in general, not …

moral motivation. -- Altruism ; externality ; moral motivation ; motivation crowding ; Pareto efficiency ; regulation …We study the regulation of a morally responsible agent in the context of a negative consumption externality and …We study the regulation of a morally responsible agent in the context of a negative consumption externality and …

We study the regulation of a morally responsible agent in the context of a negative consumption externality and … moral responsibility. Employing a motivation-crowding model, we find that morally motivated behavior will, in general, not …

Pigou (1920) advocated for taxes, set equal to marginal damages, on goods produced and consumed that involve negative …-internalizing without need for Pigouvian taxes, and public goods would also be provided optimally by the private sector. Because of the … the methods currently employed by economists. This implies that Pigouvian taxes should generally be larger than currently …

In this paper, we study regulation of externalities involving many small-scale polluters, where the damages from … such regulations should be designed and combined. We find that the optimal regulation design crucially depends on the type … technology regulation encourages cleaner technologies in high damage areas, but discourages their use in low damage areas …

In this paper, we study regulation of externalities involving many small-scale polluters, where the damages from … such regulations should be designed and combined. We find that the optimal regulation design crucially depends on the type … technology regulation encourages cleaner technologies in high damage areas, but discourages their use in low damage areas …

In this paper, we study regulation of externalities involving many small-scale polluters, where the damages from … such regulations should be designed and combined. We find that the optimal regulation design crucially depends on the type … technology regulation encourages cleaner technologies in high damage areas, but discourages their use in low damage areas …

This paper studies optimal second-best corrective regulation, when some agents/activities cannot be perfectly regulated … apply our results to scenarios with unregulated agents/activities, uniform regulation across agents/activities, and costly … regulation. We illustrate our results in applications to financial regulation with environmental externalities, shadow banking …

This paper studies optimal second-best corrective regulation, when some agents/activities cannot be perfectly regulated … apply our results to scenarios with unregulated agents/activities, uniform regulation across agents/activities, and costly … regulation. We illustrate our results in applications to financial regulation with environmental externalities, shadow banking …