Download This PaperMonitoring, 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
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: Suggested Citation
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
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