The Law and Economics of the Environment

The Law and Economics of the Environment
ISBN-10
1840643390
ISBN-13
9781840643398
Category
Business & Economics
Pages
409
Language
English
Published
2001-01-01
Publisher
Edward Elgar Publishing
Author
Anthony Heyes

Description

'The exploration of the basic economics of externalities and the basic common law doctrines and institutions for dealing with externalities constitute a first generation of economic analysis of environmental law. the present book of essays illustrates the second generation of economic analysis of environmental law. the fundamental economic issues, and the common law, are no longer the focus. the lessons of the first generation have been absorbed and transcended. the focus has shifted to the level of application, which is the level at which the economist and the lawyer-economist can best hope to influence policy. We are making progress and the essays in this volume will do much to assure that progress continues.' - from the foreword by Richard A. Posner, United States Court of Appeals for the Seventh Circuit and University of Chicago Law School, US 'One of the most exciting and productive areas of research in environmental policy is resulting from the integration of the traditionally separate fields of environmental economics and law and economics. This book brings together the top researchers engaged in this enterprise to share the useful insights that are emerging. Both in terms of the scope of coverage and the depth of analysis this is an absolutely first-rate book.' - Tom Tietenberg, Colby College, Maine, US This outstanding book focuses on how economics can contribute to the design, implementation and appraisal of legal systems that create the 'right' incentives for environmental protection. the sixteen original and specially commissioned contributions - written by some of the leading names in their field - span many of the important areas of contemporary interest and employ case study material combined with theoretical, empirical and experimental research. the book addresses many topical issues including: the fundamental notions of property rights and social norms; the design and implementation of civil liability regimes; the use of criminal law as an instrument of environmental policy; the role that citizen suits, self-monitoring and self-enforcement could and should play in the implementation of law; the international harmonisation of environmental law; and the treatment of environmental damages in courts. Cutting-edge economic technique is motivated by, and articulates with, real and pressing policy debates. the contributors refer to a range of legal cases and policy decisions, and draw out a host of policy implications and prescriptions for settings as diverse as Superfund reform in the US and the harmonisation of landfill regulations in the European Union.

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