In this paper I model the optimal monitoring and enforcement strategy when inspection capacity is fixed by budget or manpower constraints. I adopt a leverage enforcement structure that classifies firms into two groups with different enforcement intensities. Optimal monitoring and enforcement...

This paper investigates the compliance behavior of firms that are simultaneously regulated by multiple environmental programs. Three possible relationships among compliances with multiple programs are considered: complementarity, substitution and independence. These relationships reflect the...

As one of the most challenging environment issues worldwide, climate change has posed a serious threat to habitat, species, and people’s livelihoods. In this study, a disaggregated-sector cross-region emission mitigation model is developed to systematically analyze enviro-economic effects of...

We model the optimal design of programs requiring heterogeneous firms to disclose harmful emissions when disclosure yields both direct and indirect benefits. The indirect benefit arises from the internalization of social costs and resulting reduction in emissions. The direct benefit results from...