Some kinds of corporate crime can be characterized as accidents, such as many types of environmental damage. These crimes are oflen expensive to deter because conviction costs are high and maximum fines are constrained by firms' ability to pay. The paper derives how enforcement costs can be...

In order to reach a Pareto optimal outcome with transboundary environmental problems, there must be some kind of international environmental agreement. One possibility is to have an international environmental agreement focusing directly on emissions in each country. Given such an agreement, an...