Analyzing Superfund : Economics, Science and Law

摘要: Superfund is roundly criticized as being wasteful and inefficient, excessively stringent expensive, plagued by high transaction costs, serious administrative deficiencies long delays. Despite these criticisms, has been the subject of little dispassionate study. This book brings together theoretical empirical work from research community on four issues central to evaluation Superfund: cleanup standards; liability regime; costs; natural resource damages. Three studies examine US Environmental Protection Agency's decisions, paying particular regard role benefit-cost considerations. Liability are assessed in two chapters, one a analysis relative merits joint-and-several compared with nonjoint liability, other an examination likely financial impact three alternative schemes upon various sectors national economy.