On the strategic potential of technological aid in international environmental relations

1-2

Public technological aid to support compliance to environmental standards

228-23

Effective enforcement of a transferable emissions permit system with a self-reporting requirement

113-13

What motivates common pool resource users? Experimental evidence from the field

485-49

Bargaining to preserve a unique ecosystem: the role of anticipatory investments to establish stronger bargaining positions

425-43

The regulatory choice of noncompliance in emissions trading programs

This paper addresses the following question: To achieve a fixed aggregate emissions target cost-effectively, should emissions trading programs be designed and implemented to achieve full compliance, or does allowing a certain amount of noncompliance reduce the costs of reaching the emissions target? The total costs of achieving the target consist of aggregate abatement costs, monitoring costs, and the expected costs of collecting penalties from noncompliant firms. Under common assumptions, I show that allowing noncompliance is cost-effective only if violations are enforced with an increasing marginal penalty. However, one can design a policy that induces full compliance with a constant marginal penalty that meets the aggregate emissions target at lower expected costs. This last result does not depend on setting an arbitrarily high constant marginal penalty. In fact, the marginal penalty need not be higher than the equilibrium marginal penalty under the policy with the increasing marginal penalty, and can actually be lower. Finally, tying the marginal penalty directly to the permit price allows the policy objective to be achieved without any knowledge of firms’ abatement costs

A Note on Emissions Taxes and Incomplete Information

137-14

Endogenous monitoring and enforcement of a transferable emissions permit system

267-28

Sunk capital and negotiated resolutions of environmental conflicts

142-15