Narrow search
Showing 1 - 10 of 42,224
Cover Image
An optimal incentive contract to avert firm relocation under unilateral environmental regulation : conference paper
Schmidt, Robert C.; Pollrich, Martin; Stiel, Caroline - 2013 - This version: February 14, 2013, preliminary and incomplete
The unilateral introduction of an emissions price can induce firms to relocate to other countries with less stringent environmental regulation. However, firms may be able to reduce the emissions costs in their home country by investing into low-carbon technologies or equipment (abatement...
Persistent link: https://www.econbiz.de/10010343783
Cover Image
A Dynamic Theory of Regulatory Capture
De Chiara, Alessandro; Schwarz, Marco - 2020
Firms have incentives to influence regulators' decisions. In a dynamic setting, we show that a firm may prefer to capture regulators through the promise of a lucrative future job opportunity (i.e., the revolving-door channel) than through a hidden payment (i.e., a bribe). This is because the...
Persistent link: https://www.econbiz.de/10012609021
Cover Image
Inefficiency and regulation in credence goods markets with altruistic experts
Farukh, Razi; Kerkhof, Anna; Loebbing, Jonas - 2020
experts (the agents) care both about their income and the utility of consumers (the principals). Experts' preferences over … income and their consumers' utility are convex, such that experts care less for consumers when their financial situation is … partially overcomes this inefficiency and Pareto-improves upon the market outcome. If market entry of experts is endogenous …
Persistent link: https://www.econbiz.de/10012431181
Cover Image
A dynamic theory of regulatory capture
De Chiara, Alessandro; Schwarz, Marco - 2020
Firms have incentives to influence regulators' decisions. In a dynamic setting, we show that a firm may prefer to capture regulators through the promise of a lucrative future job opportunity (i.e., the revolving-door channel) than through a hidden payment (i.e., a bribe). This is because the...
Persistent link: https://www.econbiz.de/10012220065
Cover Image
Environmental regulation under asymmetric information with type-dependent outside option
Vislie, Jon - 2000
We consider how a benevolent regulator should regulate a polluting export industry when the industry, having private information about its abatement efficiency, has an option to move its operations abroad, with a type-dependent outside option rent. The paper focuses on the case where outside...
Persistent link: https://www.econbiz.de/10010284294
Cover Image
Domestic environmental policy under asymmetric information: The role of foreign ownership, outside options and market power
Vislie, Jon - 2003
We analyse environmental policy under asymmetric information in a context where a homepolluting firm, selling its final output solely in a foreign market with some market power, has an option to bypass domestic regulation through setting up new plants in a jurisdiction offering lenient...
Persistent link: https://www.econbiz.de/10010284459
Cover Image
Environmental regulation, asymmetric information and foreign ownership
Vislie, Jon - 2001
Regulating an export firm (or a homogeneous industry) with private information about emission technology is analysed, when the firm, owned partly by foreigners, has an option to bypass domestic regulation through costly relocation. If the firm chooses to relocate, it will set up a new plant in a...
Persistent link: https://www.econbiz.de/10010284476
Cover Image
Competitive Investment in Clean Technology and Uninformed Green Consumers
Sengupta, Aditi - Department of Economics, Auburn University - 2012
In a market where consumers are not fully informed about the actual production technology or environmental performance of firms that engage in strategic competition, I study the effect of environmental consciousness of consumers on the incentive to invest in cleaner technology. Firms compete in...
Persistent link: https://www.econbiz.de/10010862317
Cover Image
Investment in Cleaner Technology and Signaling Distortions in a Market with Green Consumers
Sengupta, Aditi - Department of Economics, Auburn University - 2011
I analyze the pricing and investment behavior of a firm that signals the environmental attribute of its production technology through its price to uninformed environmentally conscious consumers. I then analyze the effect of change in environmental regulation on the signaling outcome and the...
Persistent link: https://www.econbiz.de/10010862319
Cover Image
Pollution Standards, Costly Monitoring and Fines
Arguedas, Carmen - 2014
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