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Hazardous-industry restructuring to avoid liability for accidents

  • van 't Veld, Klaas
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    File URL: http://www.sciencedirect.com/science/article/B6V7M-4MS9JYS-1/2/96c60d1e558fceac90d1db8eb1577fcf
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    Article provided by Elsevier in its journal International Review of Law and Economics.

    Volume (Year): 26 (2006)
    Issue (Month): 3 (September)
    Pages: 297-322

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    Handle: RePEc:eee:irlaec:v:26:y:2006:i:3:p:297-322
    Contact details of provider: Web page: http://www.elsevier.com/locate/irle

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    1. Austin, David & Alberini, Anna, 1997. "On and Off the Liability Bandwagon: Explaining State Adoptions of Strict Liability in Hazardous Waste Programs," Discussion Papers dp-98-08, Resources For the Future.
    2. Boyer, Marcel & Laffont, Jean-Jacques, 1997. "Environmental risks and bank liability," European Economic Review, Elsevier, vol. 41(8), pages 1427-1459, August.
    3. Ringleb, Al H & Wiggins, Steven N, 1990. "Liability and Large-Scale, Long-term Hazards," Journal of Political Economy, University of Chicago Press, vol. 98(3), pages 574-95, June.
    4. Myers, Stewart C., 1977. "Determinants of corporate borrowing," Journal of Financial Economics, Elsevier, vol. 5(2), pages 147-175, November.
    5. van 't Veld, Klaas T. & Rausser, Gordon C. & Simon, Leo K., 2000. "Fitting the glass slipper: optimal capital structure in the face of liability," Department of Agricultural & Resource Economics, UC Berkeley, Working Paper Series qt5nb497vk, Department of Agricultural & Resource Economics, UC Berkeley.
    6. Jensen, Michael C. & Meckling, William H., 1976. "Theory of the firm: Managerial behavior, agency costs and ownership structure," Journal of Financial Economics, Elsevier, vol. 3(4), pages 305-360, October.
    7. Randall K. Filer & Devra L. Golbe, 2003. "Debt, Operating Margin, and Investment In Workplace Safety," Journal of Industrial Economics, Wiley Blackwell, vol. 51(3), pages 359-381, 09.
    8. Posey, Lisa Lipowski, 1993. "Limited liability and incentives when firms can inflict damages greater than net worth," International Review of Law and Economics, Elsevier, vol. 13(3), pages 325-330, September.
    9. Boyd, James & Ingberman, Daniel E., 1999. "Do punitive damages promote deterrence?1," International Review of Law and Economics, Elsevier, vol. 19(1), pages 47-68, March.
    10. Merolla, A. Todd, 1998. "The Effect of Latent Hazards on Firm Exit in Manufacturing Industries," International Review of Law and Economics, Elsevier, vol. 18(1), pages 13-24, March.
    11. Alberini, Anna & Austin, David H., 1999. "Strict Liability as a Deterrent in Toxic Waste Management: Empirical Evidence from Accident and Spill Data," Journal of Environmental Economics and Management, Elsevier, vol. 38(1), pages 20-48, July.
    12. Wiggins, Steven N & Ringleb, Al H, 1992. "Adverse Selection and Long-Term Hazards: The Choice between Contract and Mandatory Liability Rules," The Journal of Legal Studies, University of Chicago Press, vol. 21(1), pages 189-215, January.
    13. Hutchinson, Emma & van 't Veld, Klaas, 2005. "Extended liability for environmental accidents: what you see is what you get," Journal of Environmental Economics and Management, Elsevier, vol. 49(1), pages 157-173, January.
    14. Mason, Robin, 1997. "Dividends, Safety and Liquidation when Liabilities are Long-term and Stochastic," Cambridge Working Papers in Economics 9731, Faculty of Economics, University of Cambridge.
    15. Shavell, S., 1986. "The judgment proof problem," International Review of Law and Economics, Elsevier, vol. 6(1), pages 45-58, June.
    16. Scott, James H, Jr, 1977. "Bankruptcy, Secured Debt, and Optimal Capital Structure," Journal of Finance, American Finance Association, vol. 32(1), pages 1-19, March.
    17. Craig, Ben & Thiel, Stuart E., 1990. "Large risks and the decision to incorporate," Journal of Economics and Business, Elsevier, vol. 42(3), pages 185-194, August.
    18. James Boyd & Daniel E. Ingberman, 2003. "Fly by Night or Face the Music? Premature Dissolution and the Desirability of Extended Liability," American Law and Economics Review, Oxford University Press, vol. 5(1), pages 189-232.
    19. Polinsky, A Mitchell, 1980. "Strict Liability vs. Negligence in a Market Setting," American Economic Review, American Economic Association, vol. 70(2), pages 363-67, May.
    20. Boyd, James & Ingberman, Daniel E, 1997. "The Search for Deep Pockets: Is "Extended Liability" Expensive Liability?," Journal of Law, Economics and Organization, Oxford University Press, vol. 13(1), pages 232-58, April.
    21. T. Randolph Beard, 1990. "Bankruptcy and Care Choice," RAND Journal of Economics, The RAND Corporation, vol. 21(4), pages 626-634, Winter.
    22. MacMinn, Richard D. & Brockett, Patrick L., 1995. "Corporate spin-offs as a value enhancing technique when faced with legal liability," Insurance: Mathematics and Economics, Elsevier, vol. 16(1), pages 63-68, April.
    23. Ketkar, Kusum W, 1995. "Protection of marine resources: the US Oil Pollution Act of 1990 and the future of the maritime industry," Marine Policy, Elsevier, vol. 19(5), pages 391-400, September.
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