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| Author: | Heyes, A. |
| Title: | Honesty in a regulatory context -- good thing or bad? |
| Journal: | European Economic Review
2001 : FEB, VOL. 45:2, p. 215-232 |
| Index terms: | POLLUTION CONTROL INCENTIVES COMPANIES |
| Language: | eng |
| Abstract: | It is often taken for granted that if more firms were innately honest or ethical this would be a good thing. The author uses the example of pollution policy to dispute such a claim. If regulation is by pollution tax social welfare is non-monotonic in population honesty. The choice of policy instrument may itself be characterised by "reversals", with command-and-control methods being preferred for intermediate values of population honesty, a tax system being preferred at the extremes. |
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