The paper consists of two parts: a theoretical part followed by a practical part. On the basis of the economic literature concerning environmental law and economic development it is illustrated how criteria can be developed to examine whether specific environmental policy instruments can be used...

This paper applies an economic analysis of law to the question under what conditions insurance should be made compulsory. A distinction is made between first party (victim) insurance and third party (liability) insurance. It is argued that under some circumstances compulsory victim insurance may...