Innovation Cost and Regulation: Perspectives on Business Policy and Legal Factors Affecting the Cost of Environmental Compliance
This report presents and synthesizes current research regarding the Porter hypothesis that theorizes the cost of implementing environmental regulations may be significantly reduced by low-cost processes and other innovations. The report offers various perspectives on the hypothesis, drawing from economics, organizational, and legal theory. An appendix to the report presents the summary of a workshop held on April 30th, 1999 that brought together some of the leading researchers on the subject.