Monitoring, Enforcement and the Choice of Environmental Policy Instruments

Forthcoming, Encyclopedia of Environmental Law: Policy Instruments in Environmental Law, Edward Elgar (Ken Richards and Josephine van Zeben, editors)

23 Pages Posted: 18 Aug 2016 Last revised: 30 Jan 2017

See all articles by Mark A. Cohen

Mark A. Cohen

Vanderbilt University - Strategy and Business Economics; Vanderbilt University - Law School; Resources for the Future

Jay Shimshack

University of Virginia - Frank Batten School of Leadership and Public Policy

Date Written: January 30, 2017

Abstract

Monitoring and enforcement can have significant impacts on the environmental and economic consequences of environmental laws. Theory and empirical evidence on monitoring and enforcement may provide evidence about which instruments are most likely to lead to high compliance and at what cost – impacting which instrument is most socially desirable. At the same time, monitoring and enforcement might influence the political debate about the feasibility of alternative policy instruments. Despite the small but growing literature on the impact of monitoring and enforcement, policy makers and researchers oftentimes ignore this important factor when considering and comparing alternative policy instruments. This paper reviews arguments for how, when, and why monitoring and enforcement may impact the choice of instruments in environmental policy.

Keywords: environmental regulation, monitoring and enforcement, compliance

JEL Classification: Q58, K32, K42

Suggested Citation

Cohen, Mark A. and Shimshack, Jay, Monitoring, Enforcement and the Choice of Environmental Policy Instruments (January 30, 2017). Forthcoming, Encyclopedia of Environmental Law: Policy Instruments in Environmental Law, Edward Elgar (Ken Richards and Josephine van Zeben, editors). Available at SSRN: https://ssrn.com/abstract=2821265 or http://dx.doi.org/10.2139/ssrn.2821265

Mark A. Cohen (Contact Author)

Vanderbilt University - Strategy and Business Economics ( email )

Nashville, TN 37203
United States
615-322-0533 (Phone)

HOME PAGE: http://https://business.vanderbilt.edu/bio/mark-cohen/

Vanderbilt University - Law School

131 21st Avenue South
Nashville, TN 37203-1181
United States

Resources for the Future ( email )

1616 P Street, NW
Washington, DC 20036
United States
202-328-5000 (Phone)

Jay Shimshack

University of Virginia - Frank Batten School of Leadership and Public Policy ( email )

235 McCormick Rd.
P.O. Box 400893
Charlottesville, VA 22904-4893
United States

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