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| Alberini, Anna; Austin, David H.. |
| Proponents of environmental policies based on liability assert that strict liability imposed on the polluter will induce firms to handle hazardous wastes properly and to avoid disposing them into the environment. Economic theory and a few well-publicized cases, however, suggest that a number of factors may dilute the incentives posed by strict liability. In this paper, we run regressions relating unintended releases of pollution into the environment (aggregated at the state level, and followed over nine years from 1987 to 1995) to the imposition of strict liability on the polluter, exploiting variation across states in the liability provisions of their mini-Superfund laws, and in the years these were adopted. We experiment with instrumental variable... |
| Tipo: Working or Discussion Paper |
Palavras-chave: Strict liability; Toxic spills; Policy endogeneity; Environmental Economics and Policy; Q28; C33; K32. |
| Ano: 1999 |
URL: http://purl.umn.edu/10450 |
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| Alberini, Anna; Austin, David H.. |
| We analyze factors in states' decisions to switch their approaches to hazardous waste liability policy from negligence standards to policies based on strict liability. Many, but not all, states have switched in recent years. We explain differences in the timing of states' adoption of strict liability into their "mini-superfund" programs using data on states' industrial activities, environmental programs, wealth and education, and political orientation. We test implications of a theoretical model in which states adopt the liability regime (strict versus negligence-based liability) that they see as having greater net benefits. We test this model by estimating a profit equation of the presence or absence of strict liability in a state hazardous waste cleanup... |
| Tipo: Working or Discussion Paper |
Palavras-chave: Strict liability; Toxic spills; Liability policy; Hazardous materials; Environmental Economics and Policy; D78; H73; I18. |
| Ano: 1997 |
URL: http://purl.umn.edu/10680 |
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