IDEAS home Printed from https://ideas.repec.org/a/kap/jrefec/v15y1997i2p143-58.html
   My bibliography  Save this article

Legal Liability as an Environmental Policy Tool: Some Implications for Land Markets

Author

Listed:
  • Segerson, Kathleen

Abstract

This article considers the use of legal liability as a tool for internalizing environmental externalities, considering specifically the implications for land markets. The discussion focuses on liability under CERCLA. A simple mode1 of land markets is used to evaluate alternative assignments of liability in terms of their impact on decisions to buy and sell property and to invest in pollution abatement. The results suggest that the existence of a land market can alter the effect of the liability rule. In some cases the land market can eliminate an inefficiency that would otherwise exist, while in other cases it can create one. Copyright 1997 by Kluwer Academic Publishers

Suggested Citation

  • Segerson, Kathleen, 1997. "Legal Liability as an Environmental Policy Tool: Some Implications for Land Markets," The Journal of Real Estate Finance and Economics, Springer, vol. 15(2), pages 143-158, October.
    • Handle: RePEc:kap:jrefec:v:15:y:1997:i:2:p:143-58
    as

    Download full text from publisher

    File URL: http://journals.kluweronline.com/issn/0895-5638/contents
    File Function: link to full text
    Download Restriction: Access to full text is restricted to subscribers.
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Peter M. Schwarz & Gwendolyn L. Gill & Alex Hanning & Caleb A. Cox, 2017. "Estimating The Effects Of Brownfields And Brownfield Remediation On Property Values In A New South City," Contemporary Economic Policy, Western Economic Association International, vol. 35(1), pages 143-164, January.
    2. John Chamblee & Carolyn Dehring & Craig Depken & Joseph Nicholson, 2015. "Water Contamination, Land Prices, and the Statute of Repose," The Journal of Real Estate Finance and Economics, Springer, vol. 51(3), pages 398-414, October.
    3. Boyd, James, 1999. "Environmental Remediation and Economies in Transition," RFF Working Paper Series dp-99-21, Resources for the Future.
    4. Boyd, James, 1999. "Environmental Remediation Law and Economies in Transition," Discussion Papers 10721, Resources for the Future.
    5. Yuzhakov, Vladimir (Южаков, Владимир) & Dobrolyubova, Elena (Добролюбова, Елена) & Alexandrov, Oleg (Александров, Олег) & Klochkova, E (Клочкова, Е.), 2015. "Improving the Efficiency of the Public Service and Optimization of the Number of its Personnel Structure [Повышение Эффективности Государственной Службы И Оптимизация Численности Ее Кадрового Соста," Published Papers mn36, Russian Presidential Academy of National Economy and Public Administration.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    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:kap:jrefec:v:15:y:1997:i:2:p:143-58. 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.

    We have no bibliographic references for this item. You can help adding them by using 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: Sonal Shukla or Springer Nature Abstracting and Indexing (email available below). General contact details of provider: http://www.springer.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.