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Government Regulation And Compensation: Implications For Environmental Quality And Natural Resource Use

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  • KATHLEEN SEGERSON

Abstract

A collection of papers in this issue of Contemporary Economic Policy addresses compensation issues that arise from environmental policies. Goldstein and Waston, Bromley, Stroup, and Polasky et al. discuss whether or not government should compensate private property owners whose property values are reduced by regulatory restrictions. Dunford et al., Randall, Duffield, and Jones and Pease discuss the complexities of determining who should be compensated and by how much when public property is damaged by environmental contamination. This paper provides an overview of these studies and highlights the importance of the ongoing debate over compensation policy.

Suggested Citation

  • Kathleen Segerson, 1997. "Government Regulation And Compensation: Implications For Environmental Quality And Natural Resource Use," Contemporary Economic Policy, Western Economic Association International, vol. 15(4), pages 28-31, October.
    • Handle: RePEc:bla:coecpo:v:15:y:1997:i:4:p:28-31
    DOI: 10.1111/j.1465-7287.1997.tb00486.x
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    References listed on IDEAS

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    1. John Duffield, 1997. "Nonmarket Valuation And The Courts: The Case Of The Exxon Valdez," Contemporary Economic Policy, Western Economic Association International, vol. 15(4), pages 98-110, October.
    2. Alan Randall, 1997. "Whose Losses Count? Examining Some Claims About Aggregation Rules For Natural Resources Damages," Contemporary Economic Policy, Western Economic Association International, vol. 15(4), pages 88-97, October.
    3. Segerson Kathleen, 1993. "Liability Transfers: An Economic Assessment of Buyer and Lender Liability," Journal of Environmental Economics and Management, Elsevier, vol. 25(1), pages 46-63, July.
    4. Jon H. Goldstein & William D. Watson, 1997. "Property Rights, Regulatory Taking, And Compensation: Implications For Environmental Protection," Contemporary Economic Policy, Western Economic Association International, vol. 15(4), pages 32-42, October.
    5. Carol A. Jones & Katherine A. Pease, 1997. "Restoration‐Based Compensation Measures In Natural Resource Liability Statutes," Contemporary Economic Policy, Western Economic Association International, vol. 15(4), pages 111-122, October.
    6. Richard W. Dunford & F. Reed Johnson & Emily S. West, 1997. "Whose Losses Count In Natural Resource Damages?," Contemporary Economic Policy, Western Economic Association International, vol. 15(4), pages 77-87, October.
    7. Miceli, Thomas J & Segerson, Kathleen, 1994. "Regulatory Takings: When Should Compensation Be Paid?," The Journal of Legal Studies, University of Chicago Press, vol. 23(2), pages 749-776, June.
    8. Stephen Polasky & Holly Doremus & Bruce Rettig, 1997. "Endangered Species Conservation On Private Land," Contemporary Economic Policy, Western Economic Association International, vol. 15(4), pages 66-76, October.
    9. Kathleen Segerson, 1994. "Property Transfers and Environmental Pollution: Incentive Effects of Alternative Policies," Land Economics, University of Wisconsin Press, vol. 70(3), pages 261-272.
    10. Paul R. Portney, 1994. "The Contingent Valuation Debate: Why Economists Should Care," Journal of Economic Perspectives, American Economic Association, vol. 8(4), pages 3-17, Fall.
    11. Daniel W. Bromley, 1997. "Constitutional Political Economy: Property Claims In A Dynamic World," Contemporary Economic Policy, Western Economic Association International, vol. 15(4), pages 43-54, October.
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    Cited by:

    1. Huennemeyer, Anne-Juliane & McKitrick, Ross & Rollins, Kimberly S., 1999. "Optimal Compensation For Endangered Species Protection Under Asymmetric Information," 1999 Annual meeting, August 8-11, Nashville, TN 21693, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).

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