pollution accumulation. In this case, there is a nonconvexity in the problem that gives rise to multiple potential optima …

monitoring ambient pollution is low enough, the optimal inspection policy consists in imposing the maximal possible fine, and … mixing between observing ambient pollution and not conducting any inspection at all. However, with stringent upper limits on … the fine, the agency mixes between observing ambient pollution and inspecting all firms. The observation of ambient …

pollution abatement and then the SNGA offers an incentive compatible and collusion-proof IEA to the two DC parties. In the … principal conclusions are as follows: First, the contractually specified levels of pollution abatement and the pattern of the … contracting with monitoring device manipulation, the SNGA will prefer contracting with a ceiling constraint. Fourth, the pollution …

quality improving, under the condition of exogenous pollution taxes. Indeed, we demonstrate that in cases where the marginal … disutility of pollution emissions is strictly positive, the income pollution elasticity is negative, such that preferences are … in a dynamic framework, assuming that North and South have different marginal disutility of pollution emissions, and …