Review of: Effiziente Verhaltenssteuerung und Kooperation im Zivilrecht. Ed. by Claus Ott, Hans-Bernd Schäfer. 1997. Mohr Siebeck: Tübingen

We investigate the incentives of environmental liability law to improve pollution control technology. It is shown that equilibrium choice of abatement technology and of the level of pollution reduction is socially optimal under very restrictive conditions. However, technological spillovers...

Two countries, differing with respect to opportunity cost of abatement and evironmental damage cost, negotiating joint emission reductions are considered. The bargaining process is analyzed in two policy regimes: Emission tax and transferable discharge permits. Emissions and welfare of the...