Harrington paradox
0Harrington paradox is a notion in the environmental and ecological economics describing the compliance of firms to the environmental regulations. The paradox was first described in Winston Harrington's paper in 1988 and was based on the research over monitoring, realization and compliance to environmental regulations in the USA from the end of the 1970s to the beginning of the 1980s. According to the paradox, the firms in general comply with environmental regulations in spite of the fact that:
Frequency of environmental monitoring of firms is low
In case of detection of violations, the violator-firm is rarely punished
The expected fine is low in comparison to the cost of compliance
Source: https://en.wikipedia.org/wiki/Harrington_paradox
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