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Two methods for pricing an externality -taxes and strict liability- are modeled as lobbying contests with endogenous numbers of participants. In the tax contest, a regulator is susceptible to lobbying by polluters and victims. Under liability, the court's view is affected by legal representation.
Persistent link: https://www.econbiz.de/10005671201
It has been widely argued that tort law can provide an effective decentralizes mechanism by which a socially optimal level of externality control can be achieved. I reconsider this argument in the very common situation in which there are multiple contributors to an incident of external damages,...
Persistent link: https://www.econbiz.de/10005671225
This paper has examined the different approaches used by courts to adjudicate liability when two or more individuals jointly cause the external damages.
Persistent link: https://www.econbiz.de/10005780483
It has been widely argued that tort law can provide an effective decentralizes mechanism by which a socially optimal level of externality control can be achieved. I reconsider this argument in the very common situation in which there are multiple contributors to an incident of external damages,...
Persistent link: https://www.econbiz.de/10005729402
Persistent link: https://www.econbiz.de/10015066261