How Liable should an Exporter be ? The Case of Trade in Hazardous Goods
نویسندگان
چکیده
This paper analyzes liability issues in the context of internationally traded goods like hazardous waste. If waste disposers of a small open economy are judgement-proof, then the extension of liability to waste exporters distorts the factor allocation and may reduce disposal care. Hence the optimal extension is partial at most. However, extending liability increases incentives of the waste importing country to hold domestic disposers liable. Interaction through the price system and through contracts that condition payments for disposal services on the occurrence of an accident yield identical outcomes if disposers are judgement-proof.
منابع مشابه
Estimation of commercial capacities between Iran and Turkey with an emphasis on virtual water trade: Case Study (selected agricultural goods)
on one hand, Iran due to the low annual rainfall and lack of appropriate spatial and temporal distribution in precipitation is considered as an arid and semi-arid country experiencing stress and water scarcity; on the other hand, 90% of annual water consumption has been allocated to agriculture sector in Iran and efficiency and productivity of water consumption do not enjoy favorable status in ...
متن کاملIntermediate Goods Trade and Macroeconomic Volatility: The Case of Iran-China Trade Relations
This paper tries to analyze the impacts of intermediate goods trade on production, consumption, investment, net exports, employment, labor wage and capital rent of Iran in its bilateral trade relations with China. This analysis has been done by modeling, solving and calibrating an international real business cycles (IRBC) model in period 1980-2009. The results show that when elasticity of subst...
متن کاملAn Investigation into the Hegelian Government's Functions in Organizing the Political Economy of Geographical Space
Aims & Backgrounds :The political economy of space studies the spatial patterns of capital, public goods, infrastructure, and how to adopt the necessary measures for the continuation of capital accumulation by political actors. Obviously, among different frames of political economy, the state-oriented approach seeks to study the role of actors and governing institutions in who distribution of p...
متن کاملComparison between Combined and Separate Approaches for Solving a Location-Routing Problem in Hazardous Materials Transportation
In the case of hazardous materials management, selected routes for carrying hazardous materials (i.e., hazmat) have significant effects on locating hazmat distribution centers. Since, risk and cost are usually considered as two main attributes to determine the best routes, optimized locations are sequentially outlined depending on selected routes. In the present paper, t...
متن کاملStability of International Production Networks: Is East Asia Special?
Trade relationships built through production chains appear to be lasting due to relation-specific nature of the transactions, compared with the usual transactions of goods sold on the open market. This paper aims to verify such stability of international production networks at the global level, with special emphasis on intra-East Asian trade. A series of survival analyses provide an evidence su...
متن کامل