Boyer, Marcel; Laffont, Jean-Jacques - Centre Interuniversitaire de Recherche en Analyse des … - 1994
may insure the firm for the pollution risk and the bank may lend money for investment. Under complete information of the … Environmental Protection Agency to recover cleanup costs caused by pollution damages from the liable parties. In particular, the … bank about the firm's activities, the limited liability of the firm induces excessive investment and sufficient care but …