Les auteurs étudient la politique optimale d'inspection et de taxation des émissions polluantes lorsque : (i) les coûts de réduction de la pollution sont inconnus du régulateur, (ii) les amendes pour fraude fiscale sont limitées supérieurement et (iii) le contrôle des polluants est...

This paper deals with the relative efficiency of output versus input incentives schemes in a static principal-agent model with both moral hazard and adverse selection. We define conditions that allow us to extend the result obtained by Maskin and Riley [1985] on the superiority of output...

The literature on environmental policy under adverse selection usually assumes that firms' profit vary monotonically with a private information parameter. However, it is easy to demonstrate using standard production setups that regularity is not the rule. We show that policy requirements are...