Stated choices of environmental managers: The role of punishment

Dietrich Earnhart

International Review of Law and Economics, 2020, vol. 63, issue C

Abstract: This study explores the roles of enforcement in explaining management choices tied to regulatory compliance. Within this exploration, the study pursues two research objectives. First, it discerns the separate effects of punishment certainty and punishment severity on compliance decisions; this task is generally difficult especially since it requires constructing measures of the beliefs held by individuals or regulated businesses. Second, the study compares the two effects. The study’s most important contribution is to investigate these two issues using stated choice scenarios posed to environmental management professionals working at businesses operating within the Clean Water Act regulatory framework. Results reveal that regulated facilities respond to increases in fine size and fine likelihood with equal sensitivity.

JEL-codes: K32 K42 Q53 (search for similar items in EconPapers)
Date: 2020
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Persistent link: https://EconPapers.repec.org/RePEc:eee:irlaec:v:63:y:2020:i:c:s0144818819300535

DOI: 10.1016/j.irle.2020.105908

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