We examine the economic consequences of choice of law and the choice of forum for the adjudication of transboundary harms. We examine strict liability and negligence and show that the socially optimal levels of care can be implemented in negligence only if the actions of the firm that caused the...

This work presents an economic analysis of the issues surrounding pollution and the pollution pays principle (PPP) such as the conflict between economics and ecology, externalities, internalization of external costs, solutions to externalities, the economic instruments as recommended by the OECD...

As the Polluter-Pays Principle is a fundamental principle of cost allocation, its analysis covers a substantial part of the vast field of environmental resource allocation. This report, originally published in 1975, presents a selection of relevant theoretical and practical analyses now that the...

Die weiterhin rasanten Entwicklungen in der Umweltpolitik und zunehmende Relevanz des Klimawandels in Politik und Praxis führten zu umfangreichen Anpassungen in diesem beliebten Lehrbuch. Für diese Neuauflage wurden vor allem die Kapitel über die Umweltinstrumente (Auflagen, Steuern,...