... − T + e ) . When a firm is inspected, it also incurs a fixed cost, denoted a. The firm’s total cost in a single period can be written as Monitoring and enforcement Environmental regulation Targeting Leveraging Rank-order tournament D62 L51 Q58 It has long...

...Johannes Urpelainen While environmental regulations can serve a valuable societal purpose, they also enable hidden protectionism. I analyze a principal-agent model of environmental regulation wherein citizens are the uninformed principal and government is the informed agent. In the model, import...

...’ attractive. We characterize alternative settings in which it is desirable or undesirable to require that standards be uniform. But if we ignore these sorts of concerns can it ever be efficient to require uniformity? This is the question that we explore here. Environmental regulation strategic...