Liability transfers: an economic assessment of buyer and lender liability
Article Abstract:
Efficient conditions are studied under which liability can be transferred to purchaser from vendor for a contaminated piece of property at the point of sale, and then to the lender who funded the acquisition in debt-financed foreclosure purchases. Two major possible inefficiency sources are presented which can affect liability transfer efficiency according to their magnitudes. The two sources depend on the likelihood that when liability is imposed the parties are judgement-proof.
Publication Name: Journal of Environmental Economics and Management
Subject: Environmental services industry
ISSN: 0095-0696
Year: 1993
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The Contribution of L.C. Gray to the Economic Theory of Exhaustible Natural Resources and its Roots in the History of Economic Thought
Article Abstract:
The history of natural resource economics prior to 1914 is reviewed, and found to be an adjunct to land rent. L.C. Gray introduced the theory of conservation, but was largely overlooked until recent times. Gray's theory of the mine is reevaluated. Optimal conservation is obtained through economic efficiency and intergenerational equity.
Publication Name: Journal of Environmental Economics and Management
Subject: Environmental services industry
ISSN: 0095-0696
Year: 1983
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Assessing the economic cost of greenhouse-induced sea level rise: methods and application in support of a national survey
Article Abstract:
A study is presented which seeks to evaluate the possible risk to the United States economy of change in climatic conditions. Specific attention is given to the economic results of sea level rise caused by the greenhouse effect.
Publication Name: Journal of Environmental Economics and Management
Subject: Environmental services industry
ISSN: 0095-0696
Year: 1995
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