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Liability, Regulation and Endogenous Risk: Incidence and Severity of Escaped Prescribed Fires in the United States AgEcon
Yoder, Jonathan K..
Prescribed fire is a useful but risky method for reducing general wildfire risk and improving wildlife habitat, biodiversity, timber growth, and agricultural forage. In the past the fifteen years, laws is some states have been adopted to support the use of prescribed fire. This article examines the effect of liability law and common regulations on the incidence and severity of escaped prescribed fires in the United States from 1970 to 2002. Regression results show that stringent statutory liability law and regulation tends to reduce the number and severity of escaped prescribed fires on private land, but not on federal land where state liability law does not directly apply.
Tipo: Working or Discussion Paper Palavras-chave: Endogenous risk; Prescribed fire economics; Liability law; Resource /Energy Economics and Policy; K32; Q2.
Ano: 2005 URL: http://purl.umn.edu/12964
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Governing the Co-existence of GM Crops: Ex-Ante Regulation and Ex-Post Liability under Uncertainty and Irreversibility AgEcon
Beckmann, Volker; Soregaroli, Claudio; Wesseler, Justus.
The future institutional environment for the co-existence of genetically modified (GM) crops, conventional crops and organic crops in Europe combines measures of ex-ante regulation and ex-post liability rules. Against this background we ask the following two questions: How does ex-ante regulation and ex-post liability under irreversibility and uncertainty affect the adoption of GM crops? What are the implications for regional agglomeration of GM and non-GM crops? Ex-ante regulations and ex-post liabilities for using GM crops will induce additional costs. These costs are modelled in a classical way. The model is advanced by including irreversibility and uncertainty and taking into account transaction costs of negotiating possible solutions with neighbouring...
Tipo: Working or Discussion Paper Palavras-chave: Co-existence; GM crops; Liability law; Public regulation; Technology adoption; Agricultural and Food Policy; Research and Development/Tech Change/Emerging Technologies; K13; O33; Q18.
Ano: 2006 URL: http://purl.umn.edu/18845
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