We propose enforcement strategies for emissions trading programs with bankable emissions permits that guarantee complete compliance with minimal enforcement costs. Our strategies emphasize imperfect monitoring supported by a high unit penalty for reporting violations, and tying this penalty...

In 1991 the Chilean government started a gradual tuition scholarship program for university students. The program began with 5,000 scholarships, to reach 20,000 in 1994, covering about 15% of higher education students attending universities belonging to t

Estudiamos la propiedad de costo-efectividad de un sistema de permisos de emisión transferibles (SPET) frente un sistema de estándares de emisión. Nuestro análisis agrega a los costos de abatimiento, los costos de fiscalización para inducir cumplimiento. Consideramos, además, escenarios de...

We explore the cost-effectiveness of economic incentives to induce changes in wood consumption in urban areas. We consider the case of Temuco and Padre Las Casas in southern Chile. Three incentives schemes are considered: subsidy to the demand of dry wood

We study an individual transferable quota system with imperfect enforcement. We apply a model of individual fisherman behavior to the red shrimp (Pleuroncodes monodon) fishery in central-southern Chile. Simulation results suggest that illegal fishing could generate a 21% increase in fishing...

We study the economic performance of Benthic Resource Management Areas (BRMAs) in central-southern Chile. The analysis considers 26 managed areas with Agreements of Use declaring Chilean abalone (<italic>Concholepas concholepas</italic>) to be the main exploited benthic resource from 2001 to 2003. Our analysis...

This article analyzes the cost-effective property of a transferable emissions permit system (TEPS) vis à vis a command and control environmental regulation. In contrast with the previous literature, our analysis consider, in addition to the abatement costs, the cost of enforcing each regulatory...

We study through framed field economic experiment the effects of exogenous changes in abundance levels of a renewable natural resource on compliance individual decisions of users operating under a common property regime and a system of Territorial use rights in fisheries (TURF) considering...