Frontiers in the Economics of Environmental Regulation And Liability (Ashgate Studies in Environmental and Natural Resource Economics) (Ashgate Studies in Environmental and Natural Resource Economics)

Industrial and environmental accidents are seldom far from the headlines in any part of the globe. Yet what factors determine their occurrence and is there a pattern to their distribution? This book brings these key questions into focus by examining three critical aspects of the topic: the belief formation vis-a-vis risk or misconduct; the design of legal sanctions; and the effects of risk regulation and liability rules on business and on the supply of finance. The book as a whole offers real insights into the institutional and incentive constraints faced by the major players involved in the public and private management of industrial and environmental risk.