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Many network industries (telecommunications, electricity, natural gas, postal services, water and sewage services, etc.) are confronted with significant logistic and behavioral problems in their transition towards competition. In this article, I first recall some general principes and...
Persistent link: https://www.econbiz.de/10005100578
This paper explores the effects of effluent regulatory activity on firm behavior in the pulp and paper industry in Ontario. The model uses instrumental variables to attempt to distinguish between that correlation between emission limits and emissions coming from regulatory capture and that...
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This paper examines how different rules for presentation of evidence affect verdicts in regulatory hearings and the welfare and efficiency properties these procedures exhibit. The hearing is modeled as a game of imperfect information in which the respondent is privately informed about validity...
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In this article, we highlight the factors which influence governments in their decision to implement environmental policies of varying degrees of severity. We substantiate our arguments with analytical evidence from public interest theory and the economic theory of regulation (interest group...
Persistent link: https://www.econbiz.de/10005100746
Economists have greatly criticized regulations that impose uniform environmental standards on plants which may differ in terms both of their marginal abatement cost and marginal damage functions. Such a critic ignores however that the implementation of the standards may vary significantly across...
Persistent link: https://www.econbiz.de/10005100854