January 28, 2014 Abstract Extending previous “tales of two market failures”, we consider a setting in which firms generate environmental externalities and may invest in environmentally friendly technological advancement generating R&D spillovers. We analyze the joint use of environmental liability law and R&D subsidies to internalize the double externality. Two alternative liability rules are c...

The monotypic genus Linoderus Sharp, 1885 was described based on a species from Panama and since the original description nearly nothing has been added to its taxonomical knowledge. The aim of the present paper is to describe a new species of the genus from Colombia and to report the genus for the first time from South America, adding some biological notes of the species.

The environmental problems of the United States and the European nations have generated a dynamic body of literature in legal and economic research. One of the most significant branches of this research has been the analysis of strict liability versus ex post negligence standards, and the sharing of damages under each regime, when the level of prospective environmental damages can be estimated ...

The law of products liability in tort is designed to maintain a reasonable balance between the inevitable social costs and the benefits of innovative product technologies. Technological development must be supported not only for the best interests of the public but also the side effect namely product defect into one of the following: (1) manufacturing defect; failures to correctly implement saf...

In January of 1979, a railroad tank car containing the chemical acrylonitrile started leaking at a rail yard in south suburban Chicago. The chemical was manufactured by American Cyanamid Co (Cyanamid) in Louisiana. Cyanamid had leased the tank car, filled it with acrylonitrile, and delivered it to the Missouri Pacific Railroad for transport to the Chicago suburbs. The leak occurred while the ca...