Truth or Consequences? Enforcing Pollution Standards.

Evidence suggests that a surprisingly large fraction of firms comply with pollution emission standards even though expected penalities for noncompliance are low. We offer an explanation of this puzzle by extending the standard model of enforcement to include a self-seporting requirement and enforcement power.

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Year of publication:	1996
Authors:	McKenna, C.J. ; Livernois, J.
Subject:	POLLUTION \| ENVIRONMENTAL POLICY \| REGULATION

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Type of publication:	Book / Working Paper
Notes:	28 pages
Classification:	D62 - Externalities ; D82 - Asymmetric and Private Information ; L51 - Economics of Regulation
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005671206