المستودع الأكاديمي جامعة المدينة

Environmental Regulation: Choice of Instruments under Imperfect Compliance

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dc.creator Macho-Stadler, Inés
dc.date 2007-10-30T13:22:50Z
dc.date 2007-10-30T13:22:50Z
dc.date 2006-11-20
dc.date.accessioned 2017-01-31T00:57:44Z
dc.date.available 2017-01-31T00:57:44Z
dc.identifier http://hdl.handle.net/10261/1706
dc.identifier.uri http://dspace.mediu.edu.my:8181/xmlui/handle/10261/1706
dc.description Compliance 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.language eng
dc.relation UFAE and IAE Working Papers
dc.relation 673.06
dc.rights openAccess
dc.subject Environmental regulation
dc.subject Audits and compliance
dc.subject Environmental standards
dc.title Environmental Regulation: Choice of Instruments under Imperfect Compliance
dc.type Documento de trabajo


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