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Regulations to Supplement Weak Environmental Liability

Author

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  • Calcott Paul

    (Victoria University of Wellington, 23 Lambton Quay, Wellington 6140, New Zealand)

Abstract

Liability for environmental harm is often capped when precaution meets a minimum requirement and is often applied in conjunction with regulations. The correct setting for such regulations depends on the approach that courts take to evaluating the minimum requirement. It may also depend on which of the minimum requirement and capped liability is the more pressing consideration for the firm. Regulatory design is more straightforward when it is capped liability that is more pressing.

Suggested Citation

  • Calcott Paul, 2016. "Regulations to Supplement Weak Environmental Liability," The B.E. Journal of Economic Analysis & Policy, De Gruyter, vol. 16(4), pages 1-14, October.
    • Handle: RePEc:bpj:bejeap:v:16:y:2016:i:4:p:14:n:7
    DOI: 10.1515/bejeap-2015-0172
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    References listed on IDEAS

    as
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    6. Kolstad, Charles D & Ulen, Thomas S & Johnson, Gary V, 1990. "Ex Post Liability for Harm vs. Ex Ante Safety Regulation: Substitutes or Complements?," American Economic Review, American Economic Association, vol. 80(4), pages 888-901, September.
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    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    liability; regulation;

    JEL classification:

    • K32 - Law and Economics - - Other Substantive Areas of Law - - - Energy, Environmental, Health, and Safety Law
    • Q58 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Environmental Economics: Government Policy

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