for the costs of political bargaining and lobbying that arise from implementing and administering government regulation …I examine Ronald Coase's criticism of standard regulatory and tax policies to address environmental externalities. I …. Regulation, tax, and Coasean exchange, such as through cap-and-trade regimes, are presented as substitutes, based on the relative …

for the costs of political bargaining and lobbying that arise from implementing and administering government regulation …I examine Ronald Coase's criticism of standard regulatory and tax policies to address environmental externalities. I …. Regulation, tax, and Coasean exchange, such as through cap-and-trade regimes, are presented as substitutes, based on the relative …

This paper analyzes the interplay between firms' self-regulation (often denoted as corporate social responsibility) as … opposed to the formal regulation of a negative externality. Firms respond to increasing activism in the market (conscious …, because regulation is the outcome of a political process, an increase in activism might imply an inefficiently high …