Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/46930 
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dc.contributor.authorBartsch, Elgaen
dc.date.accessioned2011-06-30T15:06:09Z-
dc.date.available2011-06-30T15:06:09Z-
dc.date.issued1996-
dc.identifier.citation|nInstitut für Weltwirtschaft (IfW) |lKiel |y1996en
dc.identifier.urihttp://hdl.handle.net/10419/46930-
dc.description.abstractIn providing precautionary incentives and allocating environmental risk, liability for environmental damages faces two difficulties: randomness of damages incurred and nonobservability of precautionary measures. Hence, a major obstacle in enforcing legal claims is the difficulty of proving causation. In order to alleviate the proof of causation, the German Umwelthaftungsgesetz introduces a refutable causality presumption. When imperfect information is taken into account, this conditional reversal of the burden of proof cannot ensure optimal precaution. Using a principalagent model, optimality conditions for a modified strict liability rule is derived. A specific rule for the optimal allocation of environmental damages under probabilistic causation and asymmetric information is obtained using a linear model.en
dc.language.isoengen
dc.publisher|aKiel Institute of World Economics (IfW) |cKielen
dc.relation.ispartofseries|aKiel Working Paper |x755en
dc.subject.jelD80en
dc.subject.jelK32en
dc.subject.jelQ20en
dc.subject.ddc330en
dc.subject.stwUmwelthaftungen
dc.subject.stwAllokationen
dc.subject.stwAnreizvertragen
dc.subject.stwAsymmetrische Informationen
dc.subject.stwTheorieen
dc.titleEnforcement of environmental liability in the case of uncertain causality and asymmetric information-
dc.typeWorking Paperen
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen
dc.identifier.repecRePEc:zbw:ifwkwp:755en
dc.identifier.printppn257748601en
dc.date.issuedonline2011en
dc.publisher.online|aZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften, Leibniz-Informationszentrum Wirtschaft |cKiel, Hamburgen
econstor.documentversionDigitized Versionen
econstor.citation.publisherInstitut für Weltwirtschaft (IfW)en
econstor.citation.publisherplaceKielen
econstor.citation.year1996en

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