Controlling the Abandonment of Automobiles: Mandatory Deposits vs. Fines
11 Pages Posted: 3 Aug 2011
Date Written: January 1, 1992
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: Suggested Citation