Marco, Alan; Woerden, Adon Van; Woodward, Robert - In: Review of Law & Economics 5 (2009) 1, pp. 6-6
This paper presents a mechanism for regulating pollution when industry harm--but not individual firms' contributions--is observable. The mechanism is based on a modification of Cooter and Porat's Total Liability for Excessive Harm (TLEH). We propose an alternative mechanism of Shared Social...