This paper characterizes environmental regulations which induce polluting Bertrand competitors to invest efficiently in environmental R&D. Post-innovation benefits to raising rivals' costs provide firms with incentives to innovate. Although optimal behavior cannot be elicited with pollution...

This paper studies an enforcement game between a regulator and firms that can cause harmful accidents. The distribution of potential accident damage is private information to the firms, and realized damage can be observed only at the cost of going to court. Under conditions described in the...

This paper studies the links between private politics, environmental performance of firms and regulatory activity by the government. Following the terminology coined by Baron (2001), "private politics" refers to the individual or collective actions initiated by public interest and activist...

This study analyzes the relationship between market concentration and new product introductions using an extensive annual panel data set covering the period 1983 to 2004 from the US processed food industry. We test the new theory, which argues that new product introductions are influenced by the...

The purpose of this paper is to study the empirical strength of the bi-directional linkages between environmental standards and performance, on the one hand, and environmental innovation, on the other and, hence, the role of policy in spurring environmental R&D and, in turn, ultimate...

This paper presents an empirical analysis of the relationship between rural poverty and environmental change using district-level data from South, Central and West India. Unlike prior works, this study puts the hypothesis of bi-directional link between poverty and environment to econometric...

EPA-sponsored voluntary pollution reduction programs (VPR) have gained increased prominence in U.S. environmental policy. However, as commitments to these programs are not enforceable by design, the empirical literature has mostly focused on studying the motives for their adoption and their...