Just a few millions:

The Justice Department and the Environmental Protection Agency announced today that the Hyundai Motor Company and the Kia Motors Corporation would pay a combined $100 million penalty as part of a settlement for overstating vehicle fuel economy standards on 1.2 million vehicles, a violation of the Clean Air Act.

The penalty is the largest ever paid for violation of the Clean Air Act, government officials said.

via www.nytimes.com

Since the travel cost variable depends on the cost of fuel per mile and the cost of fule per mile depends on miles per gallon, all of the cost per mile estimates in recreation demand models suffer from measurement error. Proceed to retract your travel cost method journal papers.

Or, nevermind, the travel cost variable is so loaded with measurement error that this addition doesn't matter. 

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  1. willwheels Avatar

    I follow the literature on optimal fines a little, but I’m not familiar with any on this kind of violation. Does anyone have any references? Thanks!

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