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Abstract Although most models of environmental compliance are based on a variation of the rational polluter model, regulated entities may not always intentionally decide to violate based on the relative costs and benefits of doing so. According to the complexity critique, a significant amount of...
Persistent link: https://www.econbiz.de/10014586831
Although most models of environmental compliance are based on a variation of the rational polluter model, regulated entities may not always intentionally decide to violate based on the relative costs and benefits of doing so. According to the complexity critique, a significant amount of...
Persistent link: https://www.econbiz.de/10014587560
We test several predictions of Gradstein's (1995) rent seeking model using an experimental design that includes a variable number of participants, cost heterogeneity, and an entry fee. Consistent with theoretical predictions, cost heterogeneity and the entry fee decrease the number of...
Persistent link: https://www.econbiz.de/10005709364
To analyze the effectiveness of punishment in inducing regulatory compliance, we modify a standard public goods experiment to include a financial penalty for free riding. The design allows us to vary both punishment probability and severity. We introduce the punishment mechanism in both a...
Persistent link: https://www.econbiz.de/10005068034