Helm, Carsten (2005):
How Liable should an Exporter be? The Case of Trade in Hazardous Goods.
In: Darmstadt Discussion Papers in Economics, 153, Darmstadt, [Report]
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Item Type: | Report |
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Title: | How Liable should an Exporter be? The Case of Trade in Hazardous Goods |
Language: | English |
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. |
Series: | Darmstadt Discussion Papers in Economics |
Series Volume: | 153 |
Place of Publication: | Darmstadt |
Uncontrolled Keywords: | extended liability, hazardous waste trade, externalities, moral hazard |
Classification DDC: | 300 Sozialwissenschaften > 330 Wirtschaft |
Divisions: | 01 Department of Law and Economics > Volkswirtschaftliche Fachgebiete > Angewandte Mikroökonomik und Institutionenökonomik 01 Department of Law and Economics > Volkswirtschaftliche Fachgebiete 01 Department of Law and Economics |
Date Deposited: | 22 Oct 2009 11:42 |
Last Modified: | 29 Jan 2016 09:28 |
URN: | urn:nbn:de:tuda-tuprints-47716 |
Additional Information: | JEL - Classification : K13, Q38, F18, D63 |
URI: | https://tuprints.ulb.tu-darmstadt.de/id/eprint/4771 |
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