Showing 1 - 10 of 15,488
commitment power has a very strong impact on the value of prior information. …
Persistent link: https://www.econbiz.de/10011335754
We consider an inspection game between an arbitrary number of polluting firms and an agency who can choose to monitor ambient pollution. We obtain an equilibrium where all firms comply with the same probability and where the inspection agency inspects all firms individually if ambient pollution...
Persistent link: https://www.econbiz.de/10005503939
commitment power has a very strong impact on the value of prior information. …
Persistent link: https://www.econbiz.de/10011597940
assume that the agency can commit to inspection probabilities. We show that this commitment power radically changes the value … of ambient inspections.If the legislator imposes an infinite fine, commitment power and ambient inspections are perfect … the fine, ambient inspections and commitment power are complements. Indeed, if the agency does not conduct ambient …
Persistent link: https://www.econbiz.de/10005579720
We consider an environmental inspection agency who credibly commits to a permanent observation of ambient pollution at the property line of individual firms. In this setting, standard results in the theory of repeated games generalize to enforcement games. The inspection agency obtains partial...
Persistent link: https://www.econbiz.de/10005808094
This paper presents a game theoretic morphological analysis of the U.S. environmental authorities’ (i.e., EPA and DOJ) behavioural mechanisms, based on strategic interactions among the players. The models explore the role of discretion that such authorities enjoy, either in deciding how to...
Persistent link: https://www.econbiz.de/10011258128
Economists generally view environmental enforcement as a tool to secure compliance with regulations. This paper demonstrates that credible enforcement significantly increases statutory over-compliance with regulations as well. We find that many plants with discharges typically below legally...
Persistent link: https://www.econbiz.de/10008684901
This report analyses approaches to managing environmental compliance monitoring and enforcement in several OECD countries with decentralised systems of environmental governance. It focuses principally on strategies and instruments for promoting consistency in the implementation of national...
Persistent link: https://www.econbiz.de/10009643454
This paper aims to give a comparative analysis on the different enforcement approaches in respect to both civil and common law systems (i.e. Europe vs. USA) by analyzing some crucial aspects of their underlying normative systems. Therefore, the role of the juridical institutions in these two...
Persistent link: https://www.econbiz.de/10005434778
Environmental Economics and Management 43, 71–92, 2002b, Topics in Economic Analysis Policy 2(1), Article 1) show that commitment …
Persistent link: https://www.econbiz.de/10005684316