Twenty years ago, Harvard Business School economist and strategy professor Michael Porter stood conventional wisdom about the impact of environmental regulation on business on its head by declaring that well designed regulation could actually enhance competitiveness. The traditional view of...

Monitoring and enforcement can have significant impacts on the environmental and economic consequences of environmental laws. Theory and empirical evidence on monitoring and enforcement may provide evidence about which instruments are most likely to lead to high compliance and at what cost –...

Since the early 1990s, the validity of the Porter Hypothesis has been the focus of intense research efforts to establish whether well-designed environmental regulation may enhance – rather than reduce – competitiveness. However, little consensus exists on the extent to which (if at all)...

Twenty years ago, Harvard Business School economist and strategy professor Michael Porter stood conventional wisdom about the impact of environmental regulation on business on its head by declaring that well-designed regulation could actually enhance competitiveness. The traditional view of...