The problem of intentional environmental harms is discussed as the combined consequence of limited liability laws and specific capital structures. When the conditions are “right”, then the option of planned liquidation is optimal for certain types of firms. These firms are typified by...

Water resource management is complicated in practice on account of the diverse nature of the resource and its many uses. This volume reports recent economic research on the theory, practice, and policy of water management. It is distinguished by the number and the range of the applications it...