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about the extent to which conventional arbitration decisions are fashioned as mechanical compromises of the parties' final … in the arbitration decisions, this evidence of mechanical compromise behavior should be viewed as characterizing the … overall operation of conventional arbitration mechanisms and not the behavior of individual arbitrators in any particular case …
Persistent link: https://www.econbiz.de/10012477235
This paper examines the extent to which state taxes have inhibited interstate transport of" hazardous waste for disposal in the United States. It uses panel data from the Toxics Release" Inventory (TRI) and the Resource Conservation and Recovery Act (RCRA) on interstate" shipments of waste, and...
Persistent link: https://www.econbiz.de/10012472500
The Comprehensive Environmental Response, Compensation, and Liability Act (CERCLA) of 1980 follows the "polluter pays" principle by placing retroactive liability on responsible firms. Yet this cost is borne by current shareholders who did not benefit from past low-cost waste management. This...
Persistent link: https://www.econbiz.de/10012474532
Approximately $30 billion (2000$) has been spent on Superfund clean-ups of hazardous waste sites, and remediation efforts are incomplete at roughly half of the 1,500 Superfund sites. This study estimates the effect of Superfund clean-ups on local housing price appreciation. We compare housing...
Persistent link: https://www.econbiz.de/10012466881
While residents receive similar benefits from many local government programs, only about one-third of all households have children in public schools. We argue that capitalization of school spending into house prices can encourage residents to support spending on schools, even if the residents...
Persistent link: https://www.econbiz.de/10012467885
Because of difficulties measuring pollution, many prior papers suggest a subsidy to some observable method of reducing pollution. We take three papers from the Journal of Environmental Economics and Management as examples, and we extend them to make an additional important point. In each case,...
Persistent link: https://www.econbiz.de/10012469992
are ineffectual, merely ratifying business-as-usual outcomes and doing little to improve the environment. But much of that …
Persistent link: https://www.econbiz.de/10012459128
We analyze how expropriation risk reduces incentives for innovation and reallocates resources from the innovative … in the presence of expropriation risks. Empirical analyses, based on a LASSO Instrumental Variable approach and a novel … comprehensive dataset spanning nearly two decades, confirm our theoretical predictions. We find robust evidence that expropriation …
Persistent link: https://www.econbiz.de/10014512142
their investment plans to avoid expropriation. When- ever the host country faces competitive foreign investors expropriation … optimality of expropriation by the host country are unresolved at the time of the investment decision. The larger the penalty …This paper develops a theory of capital movements in the presence of potential expropriation. The threat of …
Persistent link: https://www.econbiz.de/10012478133
--to avoid expropriation by the state. Regions facing a greater threat of expropriation exhibit more prevalent waqf land and …
Persistent link: https://www.econbiz.de/10012480803