The paper argues that the existing German and American liability rules for the cleanup of Superfund sites do not generate incentives to reveal private information on the existence of a contaminated site. It presents a infinite-horizon dynamic model of imperfect information and shows that such...

The paper reconsiders arguments raised from the viewpoint of competition policy against Germany’s centralized Dual Management System for Packaging Waste Collection and Recycling. It is argued that centralization is the result of a basic principle of German waste management policy, namely, the...