Controlling the Abandonment of Automobiles: Mandatory Deposits vs. Fines

11 Pages Posted: 3 Aug 2011

See all articles by Dwight Lee

Dwight Lee

University of Georgia - C. Herman and Mary Virginia Terry College of Business - Department of Economics

Philip E. Graves

University of Colorado at Boulder - Department of Economics

Robert L. Sexton

Pepperdine University - Economics Department

Date Written: January 1, 1992

Abstract

There is no abstract for this paper, but what it establishes is that a first-best policy intervention would set optimal mandatory deposits on automobiles. Moreover, a littering fine for abandonment of automobiles is seen to be second-best, either with or without a mandatory deposit, leading to inefficiency.

Keywords: littering, abandoned automobiles, pubic policy, solid waste disposal, deposits versus fines

JEL Classification: D01, D02, D04, Q50, Q53, Q58

Suggested Citation

Lee, Dwight and Graves, Philip E. and Sexton, Robert L., Controlling the Abandonment of Automobiles: Mandatory Deposits vs. Fines (January 1, 1992). Journal of Urban Economics, Vol. 31, No. 1, 1992. Available at SSRN: https://ssrn.com/abstract=1904039

Dwight Lee

University of Georgia - C. Herman and Mary Virginia Terry College of Business - Department of Economics ( email )

Athens, GA 30602-6254
United States

Philip E. Graves (Contact Author)

University of Colorado at Boulder - Department of Economics ( email )

Campus Box 256
Boulder, CO 80309-0256
United States

Robert L. Sexton

Pepperdine University - Economics Department ( email )

24255 Pacific Coast Highway
Malibu, CA 90263
United States

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