According to proponents, voluntary agreements (VAs) negotiated with polluters sidestep weak institutions and other barriers to conventional environmental regulation in developing countries. Yet little is known about their effectiveness. We examine VAs in Colombia, a global leader in the use of...

Nearly every state in the United States has developed one or more voluntary cleanup programs (VCPs) to support an alternative approach to cleanup of contaminated sites. Thousands of sites have entered into these programs. Yet, despite the ubiquity of VCPs and the number of enrolled properties,...

This paper presents the first empirical analysis of the factors that lead electric utilities to participate in the Department of Energy's voluntary greenhouse gas registry, and the impact of participation on their actual emissions performance. We find that firms are more likely to participate...