英文摘要 |
The past environmental regulation analyses under asymmetric information often disregard the possibility that environmental regulatory authorities may take the delay strategy as regulatory policy tool. This research will construct a model of environmental incentive regulation with delay by expanding the model of Boyer and Laffont (1999). Using our structure, we engage in economy and welfare effect analysis of environmental incentive regulation measures. We explore the condition that the regulation delay can improve social welfare. In addition, we explain the potential influence of the nationality of firm on governmental environmental regulation measures. |