This paper examines the use of inspections and warnings to enforce environmental regulations. An empirical model of petroleum storage inventory reconciliation regulations is developed based on a state-dependent penalty system. I estimate a two-stage…
This paper investigates the effects of more stringent environmental regulation—specifically, paying amortized abandonment fees as accrued and absolute liability for adverse events—on the safety performance of Canadian oil and gas pipelines. We…
This paper investigates the effects of more stringent environmental regulation—specifically, paying amortized abandonment fees as accrued and absolute liability for adverse events—on the safety performance of Canadian oil and gas pipelines. We…