Does the structure of the fine matter?

Caffera, Marcelo; Chávez, Carlos; Ardente, Analía

dc.rights.license	Attribution-NonCommercial-NoDerivatives 4.0 Internacional	*
dc.contributor.author	Caffera, Marcelo
dc.contributor.author	Chávez, Carlos
dc.contributor.author	Ardente, Analía
dc.date.accessioned	2022-04-01T20:41:21Z
dc.date.available	2022-04-01T20:41:21Z
dc.date.issued	2013	es
dc.identifier.uri	https://hdl.handle.net/20.500.12806/1329
dc.description.abstract	We study individual compliance behavior with respect to a legal norm in an experimental setting under two different regulatory instruments: emission standards and tradable pollution permits. Compliance to the same set of standards and expected permit holdings was induced with different structures of the fine schedule, namely: a linear and a strictly convex penalty function. Even though our design induces perfect compliance, we find that there are violations in both emissions standards and tradable permits systems, regardless of the penalty structure. Nevertheless, the extent of violations is affected by the penalty parameters under emissions standards, but not under a tradable pollution permits. Notwithstanding, we find that the penalty design has an effect on the average price of permits traded, its dispersion and the number of trades.	es
dc.format.extent	33 p.	es
dc.format.mimetype	application/pdf	es
dc.language	eng	es
dc.publisher	Universidad de Montevideo, Facultad de Ciencias Empresariales y Economía, Departamento de Economía	es
dc.relation.ispartof	Documentos de trabajo del Departamento de Economía; UM_CEE_2013_05	es
dc.rights	Abierto	es
dc.rights.uri	http://creativecommons.org/licenses/by-nc-nd/4.0/	*
dc.subject	Environmental policy	es
dc.subject	Enforcement	es
dc.subject	Penalty structure	es
dc.subject	Eemissions standards	es
dc.subject	Emissions trading	es
dc.subject	Llaboratory experiments	es
dc.title	Does the structure of the fine matter?	es
dc.type	Documento de trabajo	es
dc.contributor.filiacion	Caffera, Marcelo. Universidad de Montevideo, Uruguay	es
dc.contributor.filiacion	Chávez, Carlos. Universidad de Concepción	es
dc.contributor.filiacion	Ardente, Analía. Universidad de Montevideo, Uruguay	es
dc.type.version	Publicada	es