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- W97447124 abstract "Liability-rule systems are potentially powerful instruments for the regulation of environmental problems; however, as with all instruments, they must be carefully constructed and applied in order to have the desired effect. In this chapter, I demonstrate that improperly constructed liability rule systems have thus far contributed more to the creation of environmental problems, rather than to their solution. This is not to say that the use of a liability-rule system is a generally inadvisable policy instrument; such a system has its benefits and its costs, as do all other systems. The benefits are fairly obvious, often noted by the economist, and derive from their ‘decentralized’ nature. The decentralization of environmental policy is useful in that it makes use of more of the information in the economy, and it provides an independent forum for the determination of policies in areas in which there are weighty vested interests." @default.
- W97447124 created "2016-06-24" @default.
- W97447124 creator A5091623124 @default.
- W97447124 date "1991-01-01" @default.
- W97447124 modified "2023-09-23" @default.
- W97447124 title "The Use of Liability-Rule Systems to Regulate the Environment: The Case for ‘Preventive Policy’" @default.
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- W97447124 doi "https://doi.org/10.1007/978-94-011-3372-2_21" @default.
- W97447124 hasPublicationYear "1991" @default.
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