Showing 41 - 50 of 60
Persistent link: https://www.econbiz.de/10009818803
Persistent link: https://www.econbiz.de/10009289689
Over time, inspection agencies gather information about firms that cause harmful externalities. This information may allow agencies to differentiate their monitoring strategies in the future, since inspections can be influenced by firms' past performance relative to other competitors in the...
Persistent link: https://www.econbiz.de/10014219814
We investigate the features of optimal regulatory policies composed of pollution standards and probabilities of inspection, where fines for non-compliance depend not only on the degree of violation but also on non-gravity factors. We show that optimal policies can induce either compliance or...
Persistent link: https://www.econbiz.de/10014066724
We study optimal policies composed of pollution standards, probabilities of inspection and fines dependant on the degree of noncompliance with the standards, in a context where regulated firms own private information. In contrast with previous literature, we show that optimal policies, being...
Persistent link: https://www.econbiz.de/10014066756
Persistent link: https://www.econbiz.de/10005719889
Despite the well-known static cost-inefficiency of uniform emission standards to control pollution, governments continue to use them in a variety of settings. In this paper, we show that inspection agencies can sometimes use their informational advantage to design monitoring strategies that...
Persistent link: https://www.econbiz.de/10004997849
We investigate the features of optimal environmental policies composed of pollution standards and costly inspection processes, where fines for exceeding the standards depend both on the degree of transgression and the environmental technology that the firm uses to reduce the social impact of its...
Persistent link: https://www.econbiz.de/10005068051
Over time, inspection agencies gather information about firms that cause harmful externalities. This information may allow agencies to differentiate their monitoring strategies in the future, since inspections can be influenced by firms' past performance relative to other competitors in the...
Persistent link: https://www.econbiz.de/10005503854
Under quadratic transportation costs, the existence of the sequential first-locate-thenprice equilibrium in spatial competition is well known in the literature. In this paper, we find that the equilibrium may fail to exist under certain restrictions with respect to the location of firms and...
Persistent link: https://www.econbiz.de/10005405108