publication . Article . 1994

Regulation and Control of Hazardous Wastes

Hans W. Gottinger;
Open Access
  • Published: 01 Jan 1994 Journal: Swiss Journal of Economics and Statistics, volume 130, issue I March, pages 63-88
Abstract
Hazardous waste regulations require disposal in approved dumpsites, where environmental consequences are minimal but entry may be privately very costly. Imperfect policing of regulations makes the socially more costly option illicit disposal preferable form the perspective of the private decision maker. The existence of the waste disposal decision, its economic nature, production independence, and the control over environmental damage are key issues in the economics of hazardous waste management. This paper models a profit maximising, hazardous waste generating, monopolistic firm, a welfare maximizing regulatory agency, and investigates their behaviourial intera...

ARROW, K.J., 'Agency and the Market', Chapter 23 in: K.J. ARROW and M. INTRILIGATOR. Handbook of Mathematical Economics (North Holland: Amsterdam 1986).

BARON, D. and MYERSON, R. 'Regulating a Monopolist with Unknown Costs', Econometrica, 50(4), 1982.

BECKER, G.A. 'Crime and Punishment: An Economic Approach', Journal of Political Economy, 76, 169-217, 1968.

DEWEY, D., Microeconomics: The Analysis of Prices and Markets (Oxford: Oxford University Press, 1975).

EHRLICH, I., The Deterrent Effect of Capital Punishment: A Question of Life and Death', American Economic Review 65(3), 397-417, 1975.

GOTTINGER, H.W., Economic Models of Solid Waste Management and Applications, (Gordon & Breach Science Publishers; New York, 1991).

KWEREL, E., To Tell the Truth: Imperfect Information and Optimal Pollution Control', Review of Economic Studies, 44(3), 595-601 1977.

POLINSKY, A.M. and SHAVELL, S. 'The Optimal Use of Fines and Imprisonment', Journal of Public Economics, 24, 89-99, 1984. [OpenAIRE]

REES, R., 'The Theory of Principal and Agent - Part 1 ' in: J.D. HEY and P.J. LAMBERT (eds), Survey in the Economics of Uncertainty (Basil Blackwell: Oxford 1987, 46-69).

SCHELLING, T., 'Economics and Criminal Enterprise' Chapter 7 in T. SCHELLING, Choice and Consequence, Harvard University Press: Cambridge, Mass. 1984.

STIGLER, G.J., The Optimum Enforcement of Laws', Journal of Political Economy, 78, pp. 526-536, 1970.

VARIAN, H.R. Microeconomic Analysis, (New York: W.W. Norton and Company, Inc., 1978).

WEITZMAN, M.L., 'Prices vs. Quantities', Review of Economic Studies, 41(4), pp.477- 491, 1974. [OpenAIRE]

Powered by OpenAIRE Research Graph
Any information missing or wrong?Report an Issue