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| Content Provider | Springer Nature Link |
|---|---|
| Author | Marette, Stephan Crespi, John M. |
| Copyright Year | 2005 |
| Abstract | This paper examines the financing of monitoring agencies deriving the welfare-improving combinations of public revenue, industry fees, and penalties that should be used to finance quality regulations. The model shows that if some firms are not expected to comply with quality standards, penalties are optimal to cover the agency’s regulatory exposure though these need to be augmented with other instruments as monitoring costs increase. If all firms are expected to comply with the quality standards, a per-firm fee is the optimal method of regulatory financing but needs to be augmented with a lump-sum tax as monitoring costs increase. |
| Starting Page | 95 |
| Ending Page | 113 |
| Page Count | 19 |
| File Format | |
| ISSN | 0922680X |
| Journal | Journal of Regulatory Economics |
| Volume Number | 27 |
| Issue Number | 1 |
| e-ISSN | 15730468 |
| Language | English |
| Publisher | Kluwer Academic Publishers |
| Publisher Date | 2005-01-01 |
| Publisher Place | Boston |
| Access Restriction | One Nation One Subscription (ONOS) |
| Subject Keyword | regulation financing compliance Industrial Organization Microeconomics Public Finance & Economics |
| Content Type | Text |
| Resource Type | Article |
| Subject | Economics and Econometrics |
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