The liability regime governing geologic carbon sequestration will shape the technology’s costeffectiveness and overall attractiveness. Key cradle-to-grave issues affecting liability include choice of liability regime, mandates for corrective action in case of leakage or accident, the need for insurance, and determination of potentially responsible parties. Rather than assuming that the existing...

summa cum laude, Phi Beta Kappa, 1976, Purdue University; M.S. (Mathematics), 1978, Purdue University; M.S. (Economics), 1978, Purdue University; Ph.D. (Economics), 1980, Purdue University. **Professor of Economics, University of British Columbia. B.A. (Economics), 1977, University of British Columbia; M.A. (Economics), 1977, University of British Columbia; Ph.D. (Economics), 1982, University o...

The transport of CO2 by ships for storage or utilisation is a component CCS/CCUS systems which has been considered based on existing ship designs and the assumption that internationally agreed standards are always applicable constrain can be used. This paper demonstrates that, developed to used within one two jurisdictions, novel irrespective international regulatory system. Significant discret...

Physicians typically carry virtually complete malpractice insurance coverage. This contradicts standard theoretical predictions that under a negligence rule of liability there should be no demand for insurance, and insurance policies under moral hazard will contain co-payment provisions. It is argued that judicial 'errors' in defining negligence generate a demand for liability and legal defense...

beneficence as a principle is one of the definite jurisprudential rules and a disclaimer of civil liability of the individual in terms of the loss enforced upon others during acts of collective good. this shall necessitate that beneficence include both subjective and practical good simultaneously. as regards beneficence to an individual other, it is necessary that the act itself be wasteful or ...

Legal liability for accidents determines the circumstances under which injurers must compensate injurers for harm. The effects of liability on incentives to reduce risk, on risk-bearing and insurance (both direct coverage for victims and liability coverage for injurers), and on administrative expenses are considered. Liability is also compared to other methods of controlling harmful activities,...

Recent changes in the US liability regime for oil pollution damage have intensi®ed a policy debate about environmental liability limits. Economic theory suggests that some type of limit may be needed under certain conditions, and that such a limit should be set so that the marginal social bene®t and cost are equal. However, it is unclear how a liability limit may be determined speci®cally for t...