Self-Regulation , Taxation and Public Voluntary Environmental Agreements

  title={Self-Regulation , Taxation and Public Voluntary Environmental Agreements},
  author={Thomas P. Lyon and John W. Maxwell},
An increasingly popular instrument for solving environmental problems is the “public voluntary agreement (VA),” in which government o¤ers technical assistance and positive publicity to ...rms that reach certain environmental goals. Prior papers treat such agreements as a superior, low-cost instrument that can be used to preempt a threat of traditional, ine¢cient, regulation. We present a more general model in which public VAs may instead be weak tools used when political opposition makes… CONTINUE READING