It is generally recognized that firms face both internal and external pressure to improve their environmental performance. However, few studies have attempted to delineate the importance of those various sources of pressure as firms’ managers themselves perceive them. In this study, we show...

Economists have greatly criticized regulations that impose uniform environmental standards on plants which may differ in terms both of their marginal abatement cost and marginal damage functions. Such a critic ignores however that the implementation of the standards may vary significantly across...

An increasing number of regulators have adopted public disclosure programs to create incentives for pollution control. In this paper, we study the impact of British Columbia's list of polluters whereby the province's environmental regulator reveals the name of plants which are either not...

It has been observed that upon trading-off the costs and benefits of pollution control, profit-maximizing firms may choose not to invest their resources in pollution abatement since the expected penalty imposed by regulators falls considerably short of the investment costs. Regulators have...