Lender Liability for Environmental Risk Revisited
AbstractThere have been opposing conclusions in the literature as to whether lender liability increases the probability of environmentally harmful accidents. This paper shows that s multiplicity of equilibria is the key to solve such contradictory conclusions.
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Bibliographic InfoPaper provided by Center for Intergenerational Studies, Institute of Economic Research, Hitotsubashi University in its series Discussion Paper with number 152.
Length: 9,  p.
Date of creation: May 2003
Date of revision:
Note: This paper was presented at APFA Finance Conference in 2002 held in Tokyo.
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Environmental Risk; Lender Liability;
Find related papers by JEL classification:
- K32 - Law and Economics - - Other Substantive Areas of Law - - - Environmental, Health, and Safety Law
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