EconPapers    
Economics at your fingertips  
 

The Regulator and the Judge: The Optimal Mix in TheControl of Environmental Risk

Yolande Hiriart, David Martimort and Jerome Pouyet

Working Papers from HAL

Abstract: A firm engaged in activities which are environmentally risky has private information both on its choice of safety care and on the level of its assets. We study the interaction between the ex ante audit of the firm's precautionary effort by a regulator and the ex post check on the true level of the firm's assets by a judge following an accident. Both instruments are useful from an incentive viewpoint. The optimal policy mix between the regulator and the judge depends on the rule determining the judge's intervention and on the quality of the regulatory enforcement. We discuss the incentives of the judge and the regulator to broaden their mandates and undertake the task of the other branch. Finally, we interpret different scenarii for the regulator's and the judge's interventions in terms of legal principles.

Date: 2005
Note: View the original document on HAL open archive server: https://hal.science/hal-00243027v1
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
https://hal.science/hal-00243027v1/document (application/pdf)

Related works:
Working Paper: The Regulator and the Judge: The Optimal Mix in the Control of Environmental Risk (2009)
Journal Article: The Regulator and the Judge: The Optimal Mix in The Control of Environmental Risk (2008) Downloads
Working Paper: The Regulator and the Judge: The Optimal Mix in The Control of Environmental Risk (2006) Downloads
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:hal:wpaper:hal-00243027

Access Statistics for this paper

More papers in Working Papers from HAL
Bibliographic data for series maintained by CCSD ().

 
Page updated 2025-03-31
Handle: RePEc:hal:wpaper:hal-00243027