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dc.contributor.authorEndres, Alfreden_US
dc.contributor.authorFriehe, Timen_US
dc.date.accessioned2011-12-01en_US
dc.date.accessioned2011-12-14T12:18:36Z-
dc.date.available2011-12-14T12:18:36Z-
dc.date.issued2011en_US
dc.identifier.urihttp://hdl.handle.net/10419/53140-
dc.description.abstractThis paper analyzes the output, abatement, and investment decisions made by a monopolistic polluter under environmental liability law. The model applied considers both integrated and end-of-pipe abatement technologies. We find that in the case of fixed technology, in many instances negligence produces more favorable results than strict liability in terms of social welfare. The reason is that output under strict liability is always less than first-best output, whereas output under negligence is not similarly limited. However, this ranking of liability rules may be reversed when technology is endogenous. Under such conditions investment in both integrated and end-of-pipe abatement technologies under negligence is guided by motives foreign to the social planner, whereas the polluter's calculus under strict liability is similar to that of the social planner.en_US
dc.language.isoengen_US
dc.publisherCESifo Münchenen_US
dc.relation.ispartofseriesCESifo working paper: Resource and Environment Economics 3649en_US
dc.subject.jelK13en_US
dc.subject.jelQ58en_US
dc.subject.ddc330en_US
dc.titleThe monopolistic polluter under environmental liability law: Incentives for abatement and R&Den_US
dc.typeWorking Paperen_US
dc.identifier.ppn675946263en_US
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen_US
Appears in Collections:CESifo Working Papers, CESifo Group Munich

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