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Vol 21 No 9 Sept/Oct 2016

Book of the Month

Cover of Goode on Commercial Law

Goode on Commercial Law

Edited by: Ewan McKendrick
Price: £170.00

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An Introduction to the Law and Economics of Environmental Policy

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ISBN13: 9780762308880
ISBN: 0762308885
Published: June 2004
Publisher: Elsevier Science
Format: Hardback
Price: £98.99

This volume emphasizes the importance of institutional design in addressing social problems. Three important issues concerning institutional design are: policies, instruments and enforcement. This text surveys each of the issues, and emphasizes the common themes arising in optimal institutional design. These themes include the cost of complex institutional design, and the role of private institutions attaining social objects. The book is intended for law schools, departments of government, policy or economics, environmental managers and insurance companies.

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Part A The law and economics of environmental policy making: Optimal procedure for policy making - The Aarhus Convention and the politics of process - the political economy of procedural environmental rights, S. Rose-Ackerman, A.A. Halpaap; Optimal information for policy making - environmental regulatory decision-making under uncertainty, R.B. Stewart; Optimal use of economics in policy making - can law and economics stand the purchase of moral satisfaction?, R.O. Zerbe; Individual preference based values and environmental decision making - should valuation have its day in court?, A. Kontoleon et al. Part B The law and economics of instrument choice and design: Optimal instrument choice - toward a total-cost approach to environmental instrumental instrument choice, D.H. Cole, P.Z. Grossman; The choice of instruments for environmental policy - liability or regulation?, M. Boyer, D. Porrini; Optimal instrument design - environmental damage insurance in theory and practice, M. Faure; The design of marketable permit schemes to control local and regional pollutants, J.R. Nash, R.L. Revesz. Part C The law and economics of compliance and enforcement: Optimal monitoring institutions - monitoring for latent liabilities - when is it necessary and who should do it?, T. Swanson, R. Mason; Financial responsibility for environmental obligations - are bonding and assurance rules fulfilling their promise?, J. Boyd; Optimal enforcement - pollution and penalties, A. Ogus, C. Abbot; 8 things about enforcement that seem obvious but may not be, A. Heyes.