Pollution Externalities: Social Cost and Strict Liability

Peter Lewin

Cato Journal, 1982, vol. 2, issue 1, 205-229

Abstract: This paper critically considers the neoclassical social-cost approach to problems of pollution. This traditional approach, when subjected to close scrutiny, is found to be seriously wanting in applicability and consistency. A less ambitious alternative based on notions of strict liability is offered...

Keywords: law; property; pollution; tort; property rights; regulation; government (search for similar items in EconPapers)
Date: 1982
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Persistent link: https://EconPapers.repec.org/RePEc:cto:journl:v:2:y:1982:i:1:p:205-229

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