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Can Environmental Insurance Succeed Wher...

Can Environmental Insurance Succeed Where Other Strategies Fail? The case of underground storage tanks.

Haitao Yin, Alexander Pfaff, Howard Kunreuther Risk Analysis 2011 volume 31 number 1: 12-24 (doi 10.1111/j.1539-6924.2010.01479.x) Private risk reduction will be socially efficient only when firms are liable for all the damage that they cause. We find that environmental insurance can achieve social efficiency even when two traditional policy instruments—ex post fines and risk management […]

Big Field, Small Potatoes: an empirical ...

Big Field, Small Potatoes: an empirical assessment of EPA’s Self-Audit Policy

Alexander Pfaff, Chris William Sanchirico Journal of Policy Analysis and Management (2004) volume 23 number 3: 415–432 Environmental self-auditing is said to deserve and require encouragement. Although firms can audit themselves more cheaply and effectively than regulators, they are deterred for fear that information they uncover will be used against them. To reduce this disincentive, […]