Many communities face a waste management crisis. An increase in waste generation and decline in available landfill capacity have led to rapid increases in waste management costs. Using sewage sludge management in coastal New York and New Jersey as an example, this paper examines optimal...

Recent changes in the U.S. liability regime for oil pollution damage are precipitating a potential insurance crisis for oil carriers operating in U.S. waters. While liability rules can be useful in causing the oil transport industry to internalize the costs of oil pollution, unlimited liability...