Tax Design Considerations: Monitoring and Enforcement

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  • strict warning: Non-static method view::load() should not be called statically in /hermes/bosnaweb19a/b696/ipg.chicagoclimateonline/sites/all/modules/views/views.module on line 906.
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It is recognized that monitoring and enforcement are important elements of environmental policy design, and that increased inspections and monitoring can increase compliance with environmental measures. Current literature explores the incentive structures of polluters and enforcement agencies. Literature ranges across subjects, including corporate governance, economic modeling, and principal-agency theory. Literature in law and economics explores issues in law enforcement and penalties. Within compliance theory, there is also an increasing attention to the role of social norms, firm reputation, and community pressure.