Helm, Carsten (2005)
How Liable should an Exporter be? The Case of Trade in Hazardous Goods.
Report, Bibliographie
Kurzbeschreibung (Abstract)
This paper analyzes liability issues in the context of internationally traded goods like hazardous waste. If waste disposers of a small open economy are judgement-proof, then the extension of liability to waste exporters distorts the factor allocation and may reduce disposal care. Hence the optimal extension is partial at most. However, extending liability increases incentives of the waste importing country to hold domestic disposers liable. Interaction through the price system and through contracts that condition payments for disposal services on the occurrence of an accident yield identical outcomes if disposers are judgement-proof.
| Typ des Eintrags: | Report |
|---|---|
| Erschienen: | 2005 |
| Autor(en): | Helm, Carsten |
| Art des Eintrags: | Bibliographie |
| Titel: | How Liable should an Exporter be? The Case of Trade in Hazardous Goods |
| Sprache: | Englisch |
| Publikationsjahr: | November 2005 |
| Ort: | Darmstadt |
| Reihe: | Darmstadt Discussion Papers in Economics |
| Band einer Reihe: | 153 |
| Zugehörige Links: | |
| Kurzbeschreibung (Abstract): | This paper analyzes liability issues in the context of internationally traded goods like hazardous waste. If waste disposers of a small open economy are judgement-proof, then the extension of liability to waste exporters distorts the factor allocation and may reduce disposal care. Hence the optimal extension is partial at most. However, extending liability increases incentives of the waste importing country to hold domestic disposers liable. Interaction through the price system and through contracts that condition payments for disposal services on the occurrence of an accident yield identical outcomes if disposers are judgement-proof. |
| Freie Schlagworte: | extended liability, hazardous waste trade, externalities, moral hazard |
| Zusätzliche Informationen: | JEL - Classification : K13, Q38, F18, D63 |
| Fachbereich(e)/-gebiet(e): | 01 Fachbereich Rechts- und Wirtschaftswissenschaften 01 Fachbereich Rechts- und Wirtschaftswissenschaften > Volkswirtschaftliche Fachgebiete 01 Fachbereich Rechts- und Wirtschaftswissenschaften > Volkswirtschaftliche Fachgebiete > Angewandte Mikroökonomik und Institutionenökonomik |
| Hinterlegungsdatum: | 22 Okt 2009 11:42 |
| Letzte Änderung: | 03 Jun 2018 21:23 |
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