EBK MICROECONOMICS
2nd Edition
ISBN: 9780134458496
Author: List
Publisher: VST
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Chapter 16, Problem 10Q
To determine
Crime and punishment from a principal-agent perspective, and its implication on crime prevention.
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For these questions, you must state "true," "false," or "uncertain" and argue your case (roughly 3
to 5 sentences). When appropriate, the use of graphs will make for stronger answers. Credit will
depend entirely on the quality of your explanation.
1. If the industry facing regulation for its pollutant emissions has a lot of political capital, direct
regulatory intervention will be more viable than an emissions tax to address this market
failure.
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