Relying on a small natural field experiment with random assignment of treatments, I estimate effects of three core elements of most monitoring and enforcement practices: self-reporting, audit frequency and specific deterrence. I find evidence of evasive reporting of violations in self-audits, as...

The total expected cost of sequestering carbon in agricultural soils is estimated under different government-based and market-based policies. A possible government-based EQIP programme offering a per-acre subsidy to adopt conservation illage and a market-based carbon credit programme where...

Policymakers have encouraged pollution prevention by facilities through mandatory reporting in the Toxics Release Inventory (TRI) and voluntary participation in environmental programs like the 33/50 program. While previous studies have focused on participation incentives and the effectiveness of...

Environmental policies typically combine the identification of a goal with some means to achieve that goal. This chapter for the forthcoming Handbook of Environmental Economics focuses exclusively on the second component, the means - the "instruments" - of environmental policy, and considers, in...

The introduction of the U.S. SO2 allowance-trading program to address the threat of acid rain as part of the Clean Air Act Amendments of 1990 is a landmark event in the history of environmental regulation. The program was a great success by almost all measures. This paper, which draws upon a...

This paper discusses environmental standard-setting from an economic perspective. Special attention is paid to the way in which environmental standards should be set in federal systems. Basic economics of standard-setting is presented as well as the difference between ambient quality standards...

In political science, legal and economic literature, there has been a lot of debate on how to achieve an optimal compliance especially with multi-lateral environmental treaties. This chapter attempts to present the literature indicating under what conditions compliance with global environmental...

Vehicle taxation based on CO2 emissions is increasingly being adopted worldwide in order to shift consumer purchases to low-carbon cars, yet little is known about the effectiveness and overall economic impact of these schemes. We focus on feebate schemes, which impose a fee on high-carbon...

This paper employs analytical and numerical general equilibrium models to examine the costs of achieving pollution reductions under a range of environmental policy instruments in a second-best setting with pre-existing factor taxes. We compare the costs and overall efficiency impacts of...

Enhanced energy efficiency occupies a central role in evaluating the efficacy and cost of climate change policies. Ultimately, total greenhouse gas (GHG) emissions are the product of population, economic activity per capita, energy use per unit of economic activity, and the carbon intensity of...