Enforcement missions: Targets vs budgets
نویسندگان
چکیده
منابع مشابه
Enforcement Missions: Targets vs Budgets
Enforcement of policy is typically delegated. What sort of mission should the head of an enforcement program be given? When there is more than one firm being regulated the firms’ decision problems – otherwise completely separate – become linked in a way that depends on that mission. Under some sorts of missions firms compete to avoid the attention of the enforcer by competitive reductions in th...
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This paper extends Weitzman’s (1974) “Prices vs. Quantities” to allow for incomplete enforcement. Whether the regulator uses prices (e.g., taxes) or quantities (e.g., tradeable quotas), a first-best design is always inefficient in the presence of incomplete enforcement. A second-best design that incorporates incomplete enforcement, and where cost and benefit curves are known with certainty, can...
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ژورنال
عنوان ژورنال: Journal of Environmental Economics and Management
سال: 2009
ISSN: 0095-0696
DOI: 10.1016/j.jeem.2009.04.005