Measurement error and state-dependent pollution control enforcement
A two-group model of state-dependent enforcement is applied to identical firms which minimize the expected present value of costs and fines. Measurement error affects the probabilities of transitions between groups and the receipt of fines. It is shown that state-dependent enforcement can reduce soc...
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Veröffentlicht in: | Journal of environmental economics and management 1991-07, Vol.21 (1), p.67-81 |
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Format: | Artikel |
Sprache: | eng |
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