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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 […]

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To Err on Humans is not Benign: incentiv...

To Err on Humans is not Benign: incentives for adoption of medical error-reporting systems

Joshua Graff Zivin, Alexander Pfaff Journal of Health Economics 23 (2004) 935–949 Concerns about frequent and harmful medical errors have led policy makers to advocate the creation of a system for medical error reporting. Health providers, fearing that reported information about errors would be used against them under the current medical malpractice system, have been […]

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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, […]

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Environmental Self-Auditing: setting the...

Environmental Self-Auditing: setting the proper incentives for discovery and correction of environmental harm

Alexander Pfaff, Chris William Sanchirico Journal of Law, Economics & Organization (2000) volume 16 number 1: 189-208. Many firms conduct “environmental audits” to test compliance with a complex array of environmental regulations. Commentators suggest, however, that self-auditing is not as common as it should be, because firms fear that what they find will be used […]

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