Lender Liability for Environmental Risk Revisited

There have been opposing conclusions in the literature as to whether lender liability increases the probability of environmentally harmful accidents. This paper shows that s multiplicity of equilibria is the key to solve such contradictory conclusions.

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Year of publication:	2003-05
Authors:	Ono, Tetsuo ; Maeda, Yasuo
Institutions:	Center for Intergenerational Studies, Institute of Economic Research
Subject:	Environmental Risk \| Lender Liability

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Extent:	application/pdf
Series:	Discussion Paper.
Type of publication:	Book / Working Paper
Language:	English
Notes:	This paper was presented at APFA Finance Conference in 2002 held in Tokyo. Number 152 9 pages long [4] p.
Classification:	K32 - Environmental, Health, and Safety Law
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005018488