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Author:Heyes, A.
Kapur, S.
Title:Enforcement missions: targets vs. budgets
Journal:Journal of Environmental Economics and Management
2009 : SEP, VOL. 58:2, p. 129-140
Index terms:regulations
mission statements
policy
delegation
Language:eng
Abstract:Policy enforcement is typically delegated. Under some sorts of missions, companies compete to avoid the attention of the enforcer by competitive reductions in the extent of their non-compliance, in others the interaction encourages competitive expansions. Herein, a general model is developed that allows for the ordering of some typical classes of missions.
It is found that in plausible settings 'target-driven' missions achieve the same outcome at lower cost than 'budget-driven' ones. Inspection of some fixed firm fraction is never optimal.
SCIMA record nr: 275465
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