An Empirical Analysis of Cost Recovery in Superfund Cases: Implications for Brownfields and Joint and Several Liability
نویسندگان
چکیده
منابع مشابه
The Effect of Joint and Several Liability Under Superfund on Brownfields
In response to claims that the threat of environmental liability under the Superfund law deters the acquisition of potentially contaminated sites (or “brownfields”) for redevelopment, the federal government has adopted programs to protect purchasers from liability. This protection may be unwarranted, however, if sellers can simply adjust property prices downward to compensate buyers for this li...
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Congress may soon restrict join t and several l iabi l i ty for c leanup of contaminated sites under Superfund. We explore whether this change would discourage settle ments and is therefore l ikely to increase the program ' s already high litigation costs per site. Recent theoretical research by Kornhauser and Revesz finds that joint and several l iab i l i ty may either encourage or discourag...
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ژورنال
عنوان ژورنال: SSRN Electronic Journal
سال: 2009
ISSN: 1556-5068
DOI: 10.2139/ssrn.1410410