Contests for Pricing Externalities with Free Entry of Injurers and Victims.

Two methods for pricing an externality -taxes and strict liability- are modeled as lobbying contests with endogenous numbers of participants. In the tax contest, a regulator is susceptible to lobbying by polluters and victims. Under liability, the court's view is affected by legal representation.

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Year of publication:	2000
Authors:	McKitrick, R.
Institutions:	Department of Economics and Finance, College of Business and Economics
Subject:	EXTERNALITIES \| LAW \| ENVIRONMENT \| TAXATION

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Series:	Working Papers.
Type of publication:	Book / Working Paper
Notes:	35 pages
Classification:	K13 - Tort Law and Product Liability ; K32 - Environmental, Health, and Safety Law ; H23 - Externalities; Redistributive Effects ; Environmental Taxes and Subsidies ; Q2 - Renewable Resources and Conservation; Environmental Management
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005429821