Please use this identifier to cite or link to this item: http://dspace.mediu.edu.my:8181/xmlui/handle/10261/1706
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dc.creatorMacho-Stadler, Inés-
dc.date2007-10-30T13:22:50Z-
dc.date2007-10-30T13:22:50Z-
dc.date2006-11-20-
dc.date.accessioned2017-01-31T00:57:44Z-
dc.date.available2017-01-31T00:57:44Z-
dc.identifierhttp://hdl.handle.net/10261/1706-
dc.identifier.urihttp://dspace.mediu.edu.my:8181/xmlui/handle/10261/1706-
dc.descriptionCompliance is an important issue in environmental regulation. In this paper, we discuss some of the key elements of the problem and analyze a situation where emissions are not random and firms are risk-neutral. We study the firm's decision on emissions and compliance when the environmental regulation is based on standards and the enforcement agency audits the firm with a certain probability. We then compare total emissions when environmental regulation is based on different instruments: standards, taxes, and tradable permits. We show that when compliance is an issue, environmental taxes are superior to the other instruments. We also analyze the (static) efficiency of the solution.-
dc.languageeng-
dc.relationUFAE and IAE Working Papers-
dc.relation673.06-
dc.rightsopenAccess-
dc.subjectEnvironmental regulation-
dc.subjectAudits and compliance-
dc.subjectEnvironmental standards-
dc.titleEnvironmental Regulation: Choice of Instruments under Imperfect Compliance-
dc.typeDocumento de trabajo-
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