Information assymetries, uncertainties, and cleanup delays at Superfund sites

Article Abstract:

An analysis of factors contributing to the cleanup delays at Superfund sites showed discounting, risk-aversion and compensation for off-site damages limiting the ability of government agencies and potentially responsible parties in responding to a timely manner. This is due to the lump-sum transfer mechanism used in Superfund, which when analyzed on a Bayesian mechanism for information transfer, results in an information assymetry that induces non-action due to the effect of liability shares on the cleanup decision.

Administration of Air and Water Resource and Solid Waste Management Programs, Pollution Control & Abatement, Research, Analysis, Political aspects, Pollution control industry, Pollution control, Toxic torts, Superfund

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The long-run effects of environmental reform in open economies

Article Abstract:

The comparison between short and long-run effects of environmental reform and harmonization under autarky and free trade are examined.

Influence, Environmental aspects, Environmental law, Free trade

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Regulation with anticipated learning about environmental damages

Article Abstract:

The economic implications of global warming are examined. Linear-quadratic model to analyze the study is presented.

United States, Usage, Economic aspects, Global warming, Linear models (Statistics)

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