Risk aversion and compliance in markets for pollution control
نویسندگان
چکیده
منابع مشابه
Risk aversion and compliance in markets for pollution control.
This paper examines the effects of risk aversion on compliance choices in markets for pollution control. A firm's decision to be compliant or not is independent of its manager's risk preference. However, non-compliant firms with risk-averse managers will have lower violations than otherwise identical firms with risk-neutral managers. The violations of non-compliant firms with risk-averse manage...
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ژورنال
عنوان ژورنال: Journal of Environmental Management
سال: 2008
ISSN: 0301-4797
DOI: 10.1016/j.jenvman.2007.02.012