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The Use of Liability Rules in Controlling Hazardous Waste Accidents: Theory and Practice
1984
Northeastern Journal of Agricultural and Resource Economics
Economists since Pigou have advocated the use of economic incentives for controlling environmental degradation. In a similar vein, environmental economists have long lamented a near unanimous reliance of environmental policy on the use of direct regulation. However, several pieces of legislation, as well as common law doctrine, provide strict liability for damages from a variety of pollution incidents. The term strict liability means that a polluter is liable for the penalty imposed for a
doi:10.1017/s0899367x00000519
fatcat:mjtbjzwtunbhbjrcpxseambczq