Economic Theory and Environmental Law

A Place to Stand For Environmental Law and Economic Analysis ?

In doing normative environmental economics economists usually use WTP figures for losses when WTA figures are correct. We puzzle over moral issues involved in using discount rates and worry about equity effect not normally considered in benefit cost analysis. We wonder if individuals who will never use an amenity should have their existence values counted and if so if then we should also count ...

Policy and Environmental Law Series Peruvian Society for Environmental Law

Do we need an international regime on access to genetic resources and benefit sharing (ABS) ? The Seventh Conference of the Parties (COP) of the Convention on Biological Diversity (CBD, 2003) to be held in February 2004 will probably give a political answer to this question. However, we would hope there is time for further legal, technical and economic analysis of this proposal before a definit...

Law of migrations : a new spatial economic theory ?

Law of migrations: a new spatial economic theory? INTRODUCTION

The Economic Theory of Public Enforcement of Law

This article surveys the theory of the public enforcement of law — the use of public agents (inspectors, tax auditors, police, prosecutors) to detect and to sanction violators of legal rules. We first present the basic elements of the theory, focusing on the probability of imposition of sanctions, the magnitude and form of sanctions, and the rule of liability. We then examine a variety of exten...

Economic Incentives for Environmental Protection: Integrating Theory and Practice