全球智库信息集成服务系统(G2TT): An Empirical Analysis of Cost Recovery in Superfund Cases: Implications for Brownfields and Joint and Several Liability

G2TT

来源类型	Working Paper
规范类型	报告
DOI	10.3386/w16209
来源ID	Working Paper 16209
	An Empirical Analysis of Cost Recovery in Superfund Cases: Implications for Brownfields and Joint and Several Liability
	Howard F. Chang; Hilary Sigman
发表日期	2010-07-22
出版年	2010
语种	英语
摘要	Economic theory developed in the prior literature indicates that under the joint and several liability imposed by the federal Superfund statute, the government should recover more of its costs of cleaning up contaminated sites than it would under nonjoint liability, and the amount recovered should increase with the number of defendants and with the independence among defendants in trial outcomes. We test these predictions empirically using data on outcomes in federal Superfund cases. Theory also suggests that this increase in the amount recovered may discourage the sale and redevelopment of potentially contaminated sites (or "brownfields"). We find the increase to be substantial, which suggests that this implicit tax on sales may be an important deterrent for parties contemplating brownfields redevelopment.
主题	Other ; Law and Economics ; Environmental and Resource Economics ; Environment ; Regional and Urban Economics ; Real Estate
URL	https://www.nber.org/papers/w16209
来源智库	National Bureau of Economic Research (United States)
引用统计
资源类型	智库出版物
条目标识符	http://119.78.100.153/handle/2XGU8XDN/573884
推荐引用方式 GB/T 7714	Howard F. Chang,Hilary Sigman. An Empirical Analysis of Cost Recovery in Superfund Cases: Implications for Brownfields and Joint and Several Liability. 2010.

条目包含的文件
文件名称/大小	资源类型	版本类型	开放类型	使用许可
w16209.pdf（165KB）	智库出版物		限制开放	CC BY-NC-SA	浏览