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Design standards and technology adoption: welfare effects of increasing environmental fines when the number of firms is endogenous
Authors:Baumann  Florian  Friehe  Tim
Institution:1.Center for Advanced Studies in Law and Economics, University of Bonn, Bonn, Germany
;2.Public Economics Group, University of Marburg, Am Plan 2, 35037, Marburg, Germany
;3.CESifo, Munich, Germany
;4.EconomiX, Paris, France
;
Abstract:Environmental Economics and Policy Studies - This paper examines the consequences of an increase in the expected fine for non-compliance with an environmental design standard for an industry with...
Keywords:
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