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Environmental Remediation Law and Economies in Transition AgEcon
Boyd, James.
The paper discusses the design of environmental remediation laws in countries struggling with fundamental market and institutional reforms. Optimal cleanup standards, liability rules, and enforcement are discussed from the standpoint of both economic efficiency and practical implementation. Particular attention is paid to financing mechanisms and issues that arise during privatization.
Tipo: Working or Discussion Paper Palavras-chave: Environmental remediation; Liability; Privatization; Transitional economies; Environmental Economics and Policy; K32; P21; Q28.
Ano: 1999 URL: http://purl.umn.edu/10721
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Hazardous Activities and Civil Strict Liability: The Regulator’s Dilemma AgEcon
Mondello, Gerard.
This paper addresses the conditions for setting up strict civil liability schemes. For that it compares the social efficiency of two main civil liability regimes usually enforced to protect the environment: the strict liability regime and the “capped strict liability scheme”. First, it shows that the regulator faces an effective dilemma when he has to enforce one of these schemes. This because the social cost of a severe harm (and the associated optimum care effort) is determined independently of any liability regime. This independency has economic consequences. First, victims and polluters pit one against another about the liability regime that the government should enforce. Hence, financially constrained polluters prefer the ceiling of responsibilities...
Tipo: Working or Discussion Paper Palavras-chave: Environment; Strict Liability; Ex-Ante Regulation; Ex-Post Liability; Judgment-Proof; Environment Law; CERCLA; Environmental Liability; Environmental Economics and Policy; K0; K32; Q01; Q58.
Ano: 2011 URL: http://purl.umn.edu/101299
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The Equivalence of Strict Liability and Negligence Rule: A « Trompe l'œil » Perspective AgEcon
Gerard, Mondello.
This paper analyzes the difficulties of comparing the respective effectiveness of two among the most important liability regimes in tort law: rule of negligence and strict liability. Starting from the standard Shavellian unilateral accident scheme, I show that matching up liability regime on their capacity to provide the highest level of safety is ineffective. This demonstration lies on two components. The first one gathers some results drawn from literature that introduces uncertainty. The second one takes into consideration the beliefs of agents and their aversion to ambiguity. The model applies uncertainty to the level of maximum damage. This demonstration reinforces the previous result. Hence, both regimes apply on specific tort question and comparing...
Tipo: Working Paper Palavras-chave: Strict Liability; Negligence Rule; Ambiguity Theory; Uncertainty; Accident Model; Risk and Uncertainty; K0; K32; Q01; Q58.
Ano: 2012 URL: http://purl.umn.edu/121910
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Risky Activities and Strict Liability Rules: Delegating Safety AgEcon
Mondello, Gerard.
This paper studies the delegation of activities that pose serious risks to health and the environment in an economy regulated by strict liability schemes. Strict liability induces judgment-proof possibilities. Two civil liability regimes are then compared: a strict liability scheme and a capped strict liability one. The argument is led under a twofold asymmetric information assumption between the principal and the agent: the efficiency level in effort for safety and the agent’s level of wealth. The paper shows that standard strict liability under information asymmetries deters the efficient agent to compete and favors adverse selection. Then, under conditions, a capped strict liability regime is a better regime than a standard strict liability one because...
Tipo: Working or Discussion Paper Palavras-chave: Environment; Strict Liability; Ex-Ante Regulation; Ex-Post Liability; Judgment-Proof; Environment Law; CERCLA; Environmental Liability; Health Economics and Policy; K0; K32; Q01; Q58.
Ano: 2010 URL: http://purl.umn.edu/94736
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Is Posner's Principle of Justice an Adequate Basis for Environmental Law? AgEcon
Tisdell, Clement A..
Posner adopted the economic principle of wealth maximization as a guiding principle for the dispensation of justice. This resulted in his endorsing the Kaldor-Hicks principle (also known as the potential Paretian improvement principle) as a basis for just laws. This article explores whether this principle is an adequate basis for environmental law. As can be deduced from Fleming, the legal approach adopted by Posner is by no means new because early British tort law was applied in a manner intended to foster economic growth. Nevertheless, the wealth maximization principle is not adequate as a basis for just environmental laws because for one thing it ignores questions involving changes in income distribution. Consequently, Rawls’ principle of justice is...
Tipo: Working or Discussion Paper Palavras-chave: Coase theorem; Law and economics; Posner’s principle of justice; Principles of justice; Property rights; Rawls’ principle of justice; Tort law; Welfare economics; Environmental Economics and Policy; K; K1. K11. K13; K32; Q5.
Ano: 2009 URL: http://purl.umn.edu/55337
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Six Steps to a Healthier Ambient Ozone Policy AgEcon
Krupnick, Alan J.; Farrell, Deirdre.
EPA appears likely to tighten the ambient ozone standard, even as many areas of the country are having great difficulties meeting the current standard. This paper offers an analysis of potential regulatory, administrative, and legislative initiatives for reducing the costs of meeting ozone standards. The detailed analysis of these initiatives is organized into six steps: (i) acknowledge mistakes and adapt to new knowledge; (ii) rehabilitate EPA's Title I Program; (iii) build on the best ideas; (iv) clarify and change the Clean Air Act; (v) educate the public; and (vi) fund research. EPA can go a long way to make its programs more efficient and effective without changes in the Clean Air Act; indeed, a number of its current initiatives show promise. But it...
Tipo: Working or Discussion Paper Palavras-chave: Ambient ozone standards; Policy; Economic analysis; Environmental Economics and Policy; Q28; K32.
Ano: 1996 URL: http://purl.umn.edu/10752
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Voluntary Pollution Abatement and Regulation AgEcon
Delgado, Michael S.; Khanna, Neha.
Tipo: Conference Paper or Presentation Palavras-chave: Altruism; Voluntary Pollution Abatement; Regulation; Environmental Economics and Policy; Q52; Q58; K32.
Ano: 2011 URL: http://purl.umn.edu/103886
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Does the Cause of Death Matter? The Effect of Dread, Controllability, Exposure and Latency on the Vsl AgEcon
Alberini, Anna; Scasny, Milan.
The Value of a Statistical Life is a key input into the calculation of the benefits of environmental policies that save lives. To date, the VSL used in environmental policy analyses has not been adjusted for age or the cause of death. Air pollution regulations, however, are linked to reductions in the risk of dying for cancer, heart disease, and respiratory illnesses, raising the question whether a single VSL should be applied for all of these causes of death. We conducted a conjoint choice experiment survey in Milan, Italy, to investigate this question. We find that the VSL increases with dread, exposure, the respondents’ assessments of the baseline risks, and experience with the specific risks being studied. The VSL is higher when the risk reduction is...
Tipo: Working or Discussion Paper Palavras-chave: VSL; Conjoint Choice Experiments; Mortality Risk Reductions; Cost-benefit Analysis; Forced Choice Questions; Research Methods/ Statistical Methods; I18; J17; K32; Q51.
Ano: 2010 URL: http://purl.umn.edu/98097
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The Positive Political Economy of Instrument Choice in Environmental Policy AgEcon
Keohane, Nathaniel O.; Revesz, Richard L.; Stavins, Robert N..
In the realm of environmental policy instrument choice, there is great divergence between the recommendations of normative economic theory and positive political reality. Four gaps stand out. First, despite the advantages of market-based policy instruments, they have been used to a minor degree, compared with conventional, command-and-control instruments. Second, pollution-control standards have typically been much more stringent for new than for existing sources, despite the inefficiency of this approach. Third, in the few instances in which market-based instruments have been adopted, they have nearly always taken the form of grandfathered tradeable permits, rather than auctioned permits or pollution taxes, despite the advantages in some situations of...
Tipo: Working or Discussion Paper Palavras-chave: Environmental Economics and Policy; L51; H11; P16; K32; Q28.
Ano: 1997 URL: http://purl.umn.edu/10759
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Global Compensation for Oil Pollution Damages: The Innovations of The American Oil Pollution Act AgEcon
Boyd, James.
Via technology and operations standards, U.S. regulation exerts an important influence over worldwide marine safety standards. But in addition, several other aspects of U.S. law deserve wider international consideration and adoption. First, the Oil Pollution Act's natural resource damage provisions are an innovative and effective way to deter marine pollution and provide for the restoration of injured ecological resources. Second, the relatively strict financial requirements imposed on marine transporters help ensure that polluters, rather than the public, pay if damage is caused. Liability and financial responsibility rules are not unknown in other countries. But the United States has a longer history with implementation and applies its rules more...
Tipo: Working or Discussion Paper Palavras-chave: Oil Pollution Act; Natural resource damages; Environmental liability; Financial assurance; Financial responsibility; Valuation; Farm Management; K13; K32; Q38.
Ano: 2004 URL: http://purl.umn.edu/10691
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Banking on "Green Money": Are Environmental Financial Responsibility Rules Fulfilling Their Promise? AgEcon
Boyd, James.
Financial responsibility rules are an increasingly common form of environmental regulation. Currently, the operators of landfills, underground petroleum storage tanks, offshore rigs, and oil tankers must demonstrate the existence of adequate levels of capital as a precondition to the legal operation of their businesses. Environmental financial responsibility ensures that firms possess the resources to compensate society for pollution costs created in the course of business operations. In addition to providing a source of funds for victim compensation and pollution remediation, financial responsibility is thought to motivate better decision-making, particularly regarding the management of long-term risks. This article describes both the promise of financial...
Tipo: Working or Discussion Paper Palavras-chave: Financial responsibility; Environmental liability; Waste disposal; Environmental Economics and Policy; Q28; L51; K32.
Ano: 1996 URL: http://purl.umn.edu/10592
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Aspekte des Gewässerschutzes und der Gewässernutzung beim Anbau von Energiepflanzen - Ergebnisse eines Forschungsvorhabens im Auftrag des Umweltbundesamtes AgEcon
Nitsch, Heike; Osterburg, Bernhard; Buttlar, Christine von; Buttlar, Hans-Bernhard von.
Zusammenfassung: Der vorliegende Arbeitsbericht entstand im Rahmen eines Forschungsvorhabens im Auftrag des Umweltbundesamtes und beleuchtet mit dem Thema „Gewässerschutz und Energiepflanzen“ einen Aspekt, der bisher nicht im Fokus der Diskussionen um den Energiepflanzenanbau stand. In dieser Studie wurden relevante Verwertungsketten für die energetische Nutzung von landwirtschaftlicher Biomasse in Deutschland anhand potenzieller Auswirkungen auf die Gewässer bewertet. Mögliche negative Wirkungen auf die Gewässer sind häufig auch aus Klimaschutzgründen relevant. Vorgestellt werden zudem Möglichkeiten des gewässerschonenden Anbaus. Die Analyse stützt sich auf die Auswertung von Literatur sowie schriftlicher und telefonischer Befragungen verschiedener...
Tipo: Report Palavras-chave: Energiepflanzen; Gewässerschutz; Biogasanlagen; Landnutzung; Steuerungsinstrumente; Energy crops; Water protection; Biogas plants; Regulation instruments; Land use; Crop Production/Industries; Environmental Economics and Policy; Land Economics/Use; Resource /Energy Economics and Policy; K32; Q18; Q24; Q25; Q42.
Ano: 2008 URL: http://purl.umn.edu/103662
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Rates of Time Preferences for Saving Lives in the Hazardous Waste Site Context AgEcon
Alberini, Anna; Tonin, Stefania; Turvani, Margherita.
Replaced with revised version of paper 02/20/09.
Tipo: Working or Discussion Paper Palavras-chave: Value of a Statistical Life; Latent Risk Reductions; Individual Discount Rates; Rate of Time Preference for Saving Lives; Contaminated Sites; Remediation; Environmental Economics and Policy; Institutional and Behavioral Economics; J17; I18; K32; Q51; Q53.
Ano: 2009 URL: http://purl.umn.edu/47177
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Optimal Incentives Under Moral Hazard and Heterogeneous Agents: Evidence from Production Contracts Data AgEcon
Dubois, Pierre; Vukina, Tomislav.
In this paper we develop an analytical framework for the estimation of the structural model parameters of an incentive contract under moral hazard with heterogeneous agents. Using micro level data on swine production contract settlements, we confirm that contract farmers are heterogenous with respect to their risk aversion and that this heterogeneity affects the principal's allocation of production inputs across farmers. Assuming that contracts are optimal, we obtain estimates of a lower and an upper bound of agents' reservation utilities. We show that farmers with higher risk aversion have lower outside opportunities and hence lower reservation utilities.
Tipo: Conference Paper or Presentation Palavras-chave: Contracting; Heterogenous agents; Moral hazard; Livestock Production/Industries; Production Economics; D82; L24; Q12; K32; L51.
Ano: 2005 URL: http://purl.umn.edu/24645
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A Multi-Factorial Risk Prioritization Framework for Food-borne Pathogens AgEcon
Henson, Spencer J.; Caswell, Julie A.; Cranfield, John A.L.; Fazil, Aamir; Davidson, Valerie J.; Anders, Sven M.; Schmidt, Claudia.
To lower the incidence of human food-borne disease, experts and stakeholders have urged the development of a science- and risk-based management system in which food-borne hazards are analyzed and prioritized. A literature review shows that most approaches to risk prioritization developed to date are based on measures of health outcomes and do not systematically account for other factors that may be important to decision making. The Multi-Factorial Risk Prioritization Framework developed here considers four factors that may be important to risk managers: public health, consumer risk perceptions and acceptance, market-level impacts, and social sensitivity. The framework is based on the systematic organization and analysis of data on these multiple factors....
Tipo: Working or Discussion Paper Palavras-chave: Risk analysis; Risk prioritization; Food-borne pathogens; Benefits and costs; Food Consumption/Nutrition/Food Safety; I18; L51; Q00; K32; H11.
Ano: 2007 URL: http://purl.umn.edu/7385
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Regulatory Responses to Potential Pollutants from Animal Feeding Operations: Opting Out of Costly Permitting Regulations AgEcon
Centner, Terence J.; Mullen, Jeffrey D..
Because of excessive water impairment, federal and state agencies have enacted regulations to reduce water pollution from animal feeding operations. Many of the regulations are based on numbers of animals rather than the potential of an operator to impair water quality. To enhance efficiency, critical production indicators and location screening factors might be used to exempt operations that are not significantly impairing water quality. In this manner, regulations could avoid imposing unnecessary costs on the regulated public and more effectively target monitoring and enforcement resources of the regulatory agency.
Tipo: Journal Article Palavras-chave: Concentrated animal feeding operations; Pollution; Production indicators; Regulations; Water impairment; K2; K32; Q25; Q28.
Ano: 2004 URL: http://purl.umn.edu/43345
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The Value of Reducing Cancer Risks at Contaminated Sites: Are More Heavily Exposed People Willing to Pay More? AgEcon
Tonin, Stefania; Alberini, Anna; Turvani, Margherita.
We use conjoint choice questions to investigate people’s tastes for cancer risk reductions and income in the context of public programs that would provide for remediation at abandoned industrial contaminated sites. Our survey was self-administered using the computer by persons living in the vicinity of an important contaminated site on the Italian National Priority List. The value of a prevented case of cancer is €2.6 million, but this figure does vary with income, perceived exposure to contaminants, and opinions about priorities that should be pursued by cleanup programs.
Tipo: Working or Discussion Paper Palavras-chave: Value of a Statistical Case of Cancer; Conjoint Choice Experiments; Contaminated Sites; Abandoned Sites; Reuse; Remediation; Health Economics and Policy; J17; I18; K32; Q51; Q53.
Ano: 2009 URL: http://purl.umn.edu/52548
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Voluntary Cleanups and Redevelopment Potential: Lessons from Baltimore, Maryland AgEcon
Guignet, Dennis; Alberini, Anna.
Policy has increasingly shifted towards economic incentives and liability attenuation for promoting cleanup and redevelopment of contaminated sites, but little is known about the effectiveness of such policies. An example of such legislation is State Voluntary Cleanup Programs (VCPs), which were established in the US in the 1990s and to date have been implemented in almost every state. We examine Baltimore properties that participated in the Maryland VCP from its inception in 1997 to the end of 2006. Specifically, we examine what type of properties tend to participate in these programs, how these properties compare to other eligible but non-participating sites, and what is the redevelopment potential of VCP properties and implications towards open space...
Tipo: Working or Discussion Paper Palavras-chave: Brownfields; Contaminated Sites; Voluntary Cleanup Programs; Incentives; Environmental Economics and Policy; R14; Q58; K32.
Ano: 2008 URL: http://purl.umn.edu/46548
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New Regulations Governing Concentrated Animal Feeding Operations Require New Solutions: Discussion AgEcon
Fleming, Ronald A.; Thomas, Michael H..
This paper discusses the three invited papers presented in the session titled “New Regulations Require New Solutions: Federal Provisions Governing Concentrated Animal Feeding Operations” (i.e., CAFOs). These papers provide an excellent review of current state and federal laws and an excellent summary of what has been and is currently being done with respect to CAFO regulation. The papers present three different policy approaches: i) alternative performance standards, ii) location-specific regulation, and iii) insurance-based underwriting of CAFO discharges. Each approach has its drawbacks; however, blending theses suggested policies into current regulations would result in efficiency gains.
Tipo: Journal Article Palavras-chave: Alternative performance standards; Animal Feeding Operations; Confined Animal Feeding Operations; Environmental quality; Insurance; Livestock; Manure management; Market-based incentives; Regulation; Spatial regulation; D81; K32; Q52; Q55; Q58.
Ano: 2004 URL: http://purl.umn.edu/43349
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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
Registros recuperados: 49
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