Truth or Consequences? Enforcing Pollution Standards
AbstractEvidence suggests that a surprisingly large fraction of firms comply with pollution emission standards even though expected penalities for noncompliance are low. We offer an explanation of this puzzle by extending the standard model of enforcement to include a self-seporting requirement and enforcement power.
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Bibliographic InfoPaper provided by University of Guelph, Department of Economics and Finance in its series Working Papers with number 1996-7.
Length: 28 pages
Date of creation: 1996
Date of revision:
POLLUTION; ENVIRONMENTAL POLICY; REGULATION;
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