Lender Liability for Environmental Risk Revisited
There 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.
|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.|
|Contact details of provider:|| Postal: 2-1 Naka, Kunitachi City, Tokyo 186-8603|
Web page: http://cis.ier.hit-u.ac.jp/
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