Enforcement Spillovers: Lessons from Strategic Interactions in Regulation and Product Markets
نویسندگان
چکیده
منابع مشابه
Enforcement spillovers: Lessons from strategic interactions in regulation and product markets
We explore mechanisms driving enforcement spillovers when sanctions at one entity influence behavior at other entities. Our model illustrates when spillovers arise from a regulatory channel and when they arise from a channel not emphasized in the existing literature: product markets. Using facility-by-month data from Clean Water Act manufacturers, we find that penalties generate strong positive...
متن کاملEnforcement Spillovers: Lessons from Strategic Interactions in Regulation and Product Markets1
We explore enforcement spillovers when sanctions at one entity influence behavior at other entities. Our model illustrates when spillovers arise from a regulatory channel and when they arise from a channel not previously emphasized: product markets. Our model motivates empirically-refutable hypotheses, which we test using data from Clean Water Act manufacturers. We find that penalties create po...
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ژورنال
عنوان ژورنال: SSRN Electronic Journal
سال: 2015
ISSN: 1556-5068
DOI: 10.2139/ssrn.2664765