The year of the cat: Taxing nuclear risk with the help of capital markets
Author
Abstract
Suggested Citation
DOI: 10.1016/j.enpol.2012.08.037
Download full text from publisher
As the access to this document is restricted, you may want to search for a different version of it.
References listed on IDEAS
- Schmitz, Patrick W., 2000.
"On the joint use of liability and safety regulation,"
International Review of Law and Economics, Elsevier, vol. 20(3), pages 371-382, September.
- Schmitz, Patrick W., 2000. "On the Joint Use of Liability and Safety Regulation," MPRA Paper 12536, University Library of Munich, Germany.
- David M. Cutler & Richard J. Zeckhauser, 1999.
"Reinsurance for Catastrophes and Cataclysms,"
NBER Chapters, in: The Financing of Catastrophe Risk, pages 233-274,
National Bureau of Economic Research, Inc.
- David M. Cutler & Richard J. Zeckhauser, 1997. "Reinsurance for Catastrophes and Cataclysms," NBER Working Papers 5913, National Bureau of Economic Research, Inc.
- Bredimas, Alexandre & Nuttall, William J., 2008. "An international comparison of regulatory organizations and licensing procedures for new nuclear power plants," Energy Policy, Elsevier, vol. 36(4), pages 1344-1354, April.
- Patrick Bolton & Xavier Freixas & Joel Shapiro, 2012.
"The Credit Ratings Game,"
Journal of Finance, American Finance Association, vol. 67(1), pages 85-112, February.
- Patrick Bolton & Xavier Freixas & Joel Shapiro, 2009. "The Credit Ratings Game," NBER Working Papers 14712, National Bureau of Economic Research, Inc.
- Patrick Bolton & Xavier Freixas & Joel Shapiro, 2010. "The credit ratings game," Economics Working Papers 1221, Department of Economics and Business, Universitat Pompeu Fabra.
- Patrick Bolton & Xavier Freixas & Joel Shapiro, 2009. "The credit ratings game," Economics Working Papers 1149, Department of Economics and Business, Universitat Pompeu Fabra.
- Patrick Bolton & Xavier Freixas & Joel Shapiro, 2010. "The Credit Ratings Game," Working Papers 468, Barcelona School of Economics.
- Tyran, Jean-Robert & Zweifel, Peter, 1993. "Environmental risk internalization through capital markets (ERICAM): The case of nuclear power," International Review of Law and Economics, Elsevier, vol. 13(4), pages 431-444, December.
- Kolstad, Charles D & Ulen, Thomas S & Johnson, Gary V, 1990. "Ex Post Liability for Harm vs. Ex Ante Safety Regulation: Substitutes or Complements?," American Economic Review, American Economic Association, vol. 80(4), pages 888-901, September.
- R. H. Coase, 2013.
"The Problem of Social Cost,"
Journal of Law and Economics, University of Chicago Press, vol. 56(4), pages 837-877.
- Ronald H. Coase, 1960. "The Problem of Social Cost," Palgrave Macmillan Books, in: Chennat Gopalakrishnan (ed.), Classic Papers in Natural Resource Economics, chapter 5, pages 87-137, Palgrave Macmillan.
- Erwann Michel-Kerjan & Ivan Zelenko & Victor Cardenas & Daniel Turgel, 2011. "Catastrophe Financing for Governments: Learning from the 2009-2012 MultiCat Program in Mexico," OECD Working Papers on Finance, Insurance and Private Pensions 9, OECD Publishing.
- William J. Baumol & Wallace E. Oates, 1971. "The Use of Standards and Prices for Protection of the Environment," Palgrave Macmillan Books, in: Peter Bohm & Allen V. Kneese (ed.), The Economics of Environment, pages 53-65, Palgrave Macmillan.
- Trebilcock, Michael & Winter, Ralph A., 1997. "The economics of nuclear accident law," International Review of Law and Economics, Elsevier, vol. 17(2), pages 215-243, June.
- Hua Wang & Nlandu Mamingi & Benoit Laplante & Susmita Dasgupta, 2003.
"Incomplete Enforcement of Pollution Regulation: Bargaining Power of Chinese Factories,"
Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 24(3), pages 245-262, March.
- Wang,Hua & Mamingi, Nlandu & Laplante, Benoit & Dasgup, 2002. "Incomplete enforcement of pollution regulation : bargaining power of Chinese factories," Policy Research Working Paper Series 2756, The World Bank.
- Wilson, John Douglas, 1999. "Theories of Tax Competition," National Tax Journal, National Tax Association;National Tax Journal, vol. 52(2), pages 269-304, June.
- Harrington, Winston, 1988. "Enforcement leverage when penalties are restricted," Journal of Public Economics, Elsevier, vol. 37(1), pages 29-53, October.
- Kambhu, John, 1989. "Regulatory Standards, Noncompliance and Enforcement," Journal of Regulatory Economics, Springer, vol. 1(2), pages 103-114, June.
- John Kambhu, 1989. "Regulatory standards, noncompliance and enforcement," Research Paper 8902, Federal Reserve Bank of New York.
- Goeran Skogh, 1999. "Risk-Sharing Institutions for Unpredictable Losses," Journal of Institutional and Theoretical Economics (JITE), Mohr Siebeck, Tübingen, vol. 155(3), pages 505-505, September.
- Marcus Radetzki & Marian Radetzki, 2000. "Private Arrangements to Cover Large-scale Liabilities Caused by Nuclear and Other Industrial Catastrophes," The Geneva Papers on Risk and Insurance - Issues and Practice, Palgrave Macmillan;The Geneva Association, vol. 25(2), pages 180-195, April.
- J. David Cummins & Mary A. Weiss, 2009. "Convergence of Insurance and Financial Markets: Hybrid and Securitized Risk‐Transfer Solutions," Journal of Risk & Insurance, The American Risk and Insurance Association, vol. 76(3), pages 493-545, September.
- Hans-Werner Sinn, 2002.
"Risktaking, Limited Liability, and the Competition of Bank Regulators,"
FinanzArchiv: Public Finance Analysis, Mohr Siebeck, Tübingen, vol. 59(3), pages 305-329, August.
- Hans-Werner Sinn, 2001. "Risk Taking, Limited Liability and the Competition of Bank Regulators," NBER Working Papers 8669, National Bureau of Economic Research, Inc.
- Sinn, Hans-Werner, 2003. "Risktaking, Limited Liability, and the Competition of Bank Regulators," Munich Reprints in Economics 19615, University of Munich, Department of Economics.
- Hans-Werner Sinn, 2001. "Risk Taking, Limited Liability and the Competition of Bank Regulators," CESifo Working Paper Series 603, CESifo.
- Steven Shavell, 1984. "A Model of the Optimal Use of Liability and Safety Regulation," RAND Journal of Economics, The RAND Corporation, vol. 15(2), pages 271-280, Summer.
- James M. Poterba & Kim S. Rueben, 1994. "The Distribution of Public Sector Wage Premia: New Evidence Using Quantile Regression Methods," NBER Working Papers 4734, National Bureau of Economic Research, Inc.
- Steven Shavell, 1982. "On Liability and Insurance," Bell Journal of Economics, The RAND Corporation, vol. 13(1), pages 120-132, Spring.
- N/A, 2009. "On the Recession," Local Economy, London South Bank University, vol. 24(3), pages 253-253, May.
- Downing, Paul B. & Watson, William Jr., 1974. "The economics of enforcing air pollution controls," Journal of Environmental Economics and Management, Elsevier, vol. 1(3), pages 219-236, November.
- Dell'Ariccia, Giovanni & Schnabel, Isabel & Zettelmeyer, Jeromin, 2006. "How Do Official Bailouts Affect the Risk of Investing in Emerging Markets?," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 38(7), pages 1689-1714, October.
- Michael G. Faure, 2004. "Alternative Compensation Mechanisms as Remedies for Uninsurability of Liability," The Geneva Papers on Risk and Insurance - Issues and Practice, Palgrave Macmillan;The Geneva Association, vol. 29(3), pages 455-489, July.
- Sinn, Hans-Werner, 1982.
"Kinked utility and the demand for human wealth and liability insurance,"
European Economic Review, Elsevier, vol. 17(2), pages 149-162.
- Sinn, Hans-Werner, 1982. "Kinked utility and the demand for human wealth and liability insurance," Munich Reprints in Economics 19909, University of Munich, Department of Economics.
- Shavell, S., 1986. "The judgment proof problem," International Review of Law and Economics, Elsevier, vol. 6(1), pages 45-58, June.
- van 't Veld, Klaas & Hutchinson, Emma, 2009. "Excessive spending by firms to avoid accidents: Is it a concern in practice?," International Review of Law and Economics, Elsevier, vol. 29(4), pages 324-335, December.
- Jon Strand, 1994.
"Environmental accidents under moral hazard and limited firm liability,"
Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 4(5), pages 495-509, October.
- Strand, J., 1992. "Environmental Accidents Under Moral Hazard and Limited Firm Liability," Memorandum 1992_022, Oslo University, Department of Economics.
- Wilson, John Douglas, 1999. "Theories of Tax Competition," National Tax Journal, National Tax Association, vol. 52(n. 2), pages 269-304, June.
Citations
Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
Cited by:
- Wetherell, Daniel & Evensen, Darrick, 2016. "The insurance industry and unconventional gas development: Gaps and recommendations," Energy Policy, Elsevier, vol. 94(C), pages 331-335.
- Jakob Korbinian Eberl, 2016. "The Collateral Framework of the Eurosystem and Its Fiscal Implications," ifo Beiträge zur Wirtschaftsforschung, ifo Institute - Leibniz Institute for Economic Research at the University of Munich, number 69.
- Pfenninger, Stefan & Keirstead, James, 2015. "Comparing concentrating solar and nuclear power as baseload providers using the example of South Africa," Energy, Elsevier, vol. 87(C), pages 303-314.
Most related items
These are the items that most often cite the same works as this one and are cited by the same works as this one.- Jakob Eberl & Darko Jus, 2012. "Evaluating policies to attain the optimal exposure to nuclear risk," RSCAS Working Papers 2012/50, European University Institute.
- Gérard Mondello, 2013.
"Ambiguous Beliefs on Damages and Civil Liability Theories","
Post-Print
halshs-00929948, HAL.
- Gérard Mondello, 2013. "Ambiguous Beliefs on Damages and Civil Liability Theories," Working Papers 2013.75, Fondazione Eni Enrico Mattei.
- Mondello, Gérard, 2013. "Ambiguous Beliefs on Damages and Civil Liability Theories," Economy and Society 158668, Fondazione Eni Enrico Mattei (FEEM).
- Boyer, Marcel & Porrini, Donatella, 2011.
"The impact of court errors on liability sharing and safety regulation for environmental/industrial accidents,"
International Review of Law and Economics, Elsevier, vol. 31(1), pages 21-29, March.
- Marcel Boyer & Donatella Porrini, 2010. "The Impact of Court Errors on Liability Sharing and Safety Regulation for Environmental/Industrial Accidents," CIRANO Working Papers 2010s-48, CIRANO.
- Gérard Mondello, 2015. "Civil liability, Knight's UnCertainty and non-diCtatorial regUlator Documents de travail GREDEG GREDEG Working Papers Series," Working Papers hal-01251437, HAL.
- Grajzl, Peter & Baniak, Andrzej, 2009. "Industry self-regulation, subversion of public institutions, and social control of torts," International Review of Law and Economics, Elsevier, vol. 29(4), pages 360-374, December.
- Cropper, Maureen L & Oates, Wallace E, 1992. "Environmental Economics: A Survey," Journal of Economic Literature, American Economic Association, vol. 30(2), pages 675-740, June.
- Andrzej Baniak & Peter Grajzl, 2014. "Controlling Product Risks when Consumers are Heterogeneously Overconfident: Producer Liability vs. Minimum Quality Standard Regulation," CESifo Working Paper Series 5003, CESifo.
- Marcel Boyer & Donatella Porrini, 2010.
"Optimal liability sharing and court errors: an exploratory analysis,"
Working Papers
hal-00463913, HAL.
- BOYER, Marcel & PORRINI, Donatella, 2010. "Optimal Liability Sharing and Court Errors : An Exploratory Analysis," Cahiers de recherche 05-2010, Centre interuniversitaire de recherche en économie quantitative, CIREQ.
- Marcel Boyer & Donatella Porrini, 2010. "Optimal Liability Sharing and Court Errors: An Exploratory Analysis," CESifo Working Paper Series 3073, CESifo.
- Michael Faure, 2009. "Environmental Liability," Chapters, in: Michael Faure (ed.), Tort Law and Economics, chapter 10, Edward Elgar Publishing.
- G.G.A. de Geest & G. Dari Mattiacci, 2005. "Soft Regulators, tough judges," Working Papers 05-06, Utrecht School of Economics.
- Thomas P. Lyon & Haitao Yin & Allen Blackman & Kris Wernstedt, 2018. "Voluntary Cleanup Programs for Brownfield Sites: A Theoretical Analysis," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 70(2), pages 297-322, June.
- Michael Faure & Karine Fiore, 2005. "An Economic Analysis of the French Nuclear Liability Subsidy," CAE Working Papers 35, Aix-Marseille Université, CERGAM.
- Massimo D’Antoni & Avraham D Tabbach, 2019. "The Complementary Role of Liability and Safety Regulation," American Law and Economics Review, American Law and Economics Association, vol. 21(1), pages 150-183.
- Vicki M. Bier & Shi‐Woei Lin, 2013. "Should the Model for Risk‐Informed Regulation be Game Theory Rather than Decision Theory?," Risk Analysis, John Wiley & Sons, vol. 33(2), pages 281-291, February.
- Guiseppe Dari Mattiaci & F. Parisi, 2003. "The Economics of Tort Law: A Précis," Working Papers 03-13, Utrecht School of Economics.
- Mondello, Gérard, 2012.
"La responsabilité environnementale des prêteurs : difficultés juridiques et ensemble des possibles,"
L'Actualité Economique, Société Canadienne de Science Economique, vol. 88(2), pages 257-278, Juin.
- Gérard Mondello, 2012. "La responsabilité environnementale des prêteurs : difficultés juridiques et ensemble des possibles," Post-Print halshs-00929853, HAL.
- Carmen Arguedas, 2008.
"To Comply or Not To Comply? Pollution Standard Setting Under Costly Monitoring and Sanctioning,"
Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 41(2), pages 155-168, October.
- Arguedas, Carmen, 2007. "To Comply or Not To Comply? Pollution Standard Setting Under Costly Monitoring and Sanctioning," Working Papers in Economic Theory 2007/13, Universidad Autónoma de Madrid (Spain), Department of Economic Analysis (Economic Theory and Economic History).
- Suurmond, Guido, 2007. "The effects of the enforcement strategy," MPRA Paper 21142, University Library of Munich, Germany.
- Friehe, Tim & Langlais, Eric, 2015.
"On the political economy of public safety investments,"
International Review of Law and Economics, Elsevier, vol. 41(C), pages 7-16.
- Tim Friehe & Eric Langlais, 2014. "On the Political Economy of Public Safety Investments," Post-Print hal-01411782, HAL.
- Tim Friehe & Eric Langlais, 2014. "On the Political Economy of Public Safety Investments," Post-Print hal-01411775, HAL.
- Tim Friehe & Eric Langlais, 2014. "On the Political Economy of Public Safety Investments," EconomiX Working Papers 2014-8, University of Paris Nanterre, EconomiX.
- Tim Friehe & Eric Langlais, 2014. "On the Political Economy of Public Safety Investments," Working Papers hal-04141360, HAL.
- Tim Friehe & Eric Langlais, 2015. "On the political economy of public safety investments," Post-Print hal-01385951, HAL.
- Gérard Mondello, 2012.
"The Equivalence of Strict Liability and Negligence Rule: A " Trompe l'œil " Perspective,"
Post-Print
hal-00727223, HAL.
- Gérard Mondello, 2012. "The Equivalence of Strict Liability and Negligence Rule: A « Trompe l'œil » Perspective," Working Papers 2012.08, Fondazione Eni Enrico Mattei.
- Gerard, Mondello, 2012. "The Equivalence of Strict Liability and Negligence Rule: A « Trompe l'œil » Perspective," Economy and Society 121910, Fondazione Eni Enrico Mattei (FEEM).
- Gérard Mondello, 2012. "The Equivalence of Strict Liability and Negligence Rule: A "Trompe l'oeil" Perspective," GREDEG Working Papers 2012-03, Groupe de REcherche en Droit, Economie, Gestion (GREDEG CNRS), Université Côte d'Azur, France.
More about this item
Keywords
Nuclear risk-taking; Limited liability; Catastrophe bonds;All these keywords.
Statistics
Access and download statisticsCorrections
All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:eee:enepol:v:51:y:2012:i:c:p:364-373. See general information about how to correct material in RePEc.
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Catherine Liu (email available below). General contact details of provider: http://www.elsevier.com/locate/enpol .
Please note that corrections may take a couple of weeks to filter through the various RePEc services.