June 7: Economics PhD Students win scholarships
Congratulations go to Marcel Oestreich and Fraser Summerfield who have been awarded Ontario Graduate Scholarships. Marcel's dissertation is on the economics of environmental enforcement policy. His research is motivated by the fact that it is often prohibitively costly to continuously monitor every polluter’s pollution emissions. Therefore, market-based instruments, as well as command-and-control programs, must rely heavily on a requirement for polluters to self-report their pollution emissions. Designing the policy to encourage truthful reporting then becomes an important challenge. The overall objective is to determine what kinds of design will encourage polluters to truthfully report violations and what kinds of designs encourage the opposite behaviour, and what elements of the design optimize the cost-effectiveness of the policy.