How Liable should an Exporter be? The Case of Trade in Hazardous Goods

Carsten Helm

Publications of Darmstadt Technical University, Institute for Business Studies (BWL) from Darmstadt Technical University, Department of Business Administration, Economics and Law, Institute for Business Studies (BWL)

Abstract: 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.

JEL-codes: D63 F18 K13 Q38 (search for similar items in EconPapers)
Date: 2009
Note: for complete metadata visit http://tubiblio.ulb.tu-darmstadt.de/77444/
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Published in Darmstadt Discussion Papers in Economics . 153 (2009)

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http://tuprints.ulb.tu-darmstadt.de/4771

Related works:
Journal Article: How liable should an exporter be?: The case of trade in hazardous goods (2008)
Working Paper: How Liable Should an Exporter Be? The Case of Trade in Hazardous Goods (2008)
Working Paper: How Liable should an Exporter be? The Case of Trade in Hazardous Goods (2005)
Working Paper: How liable should an exporter be? The case of trade in hazardous goods (2005)
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Persistent link: https://EconPapers.repec.org/RePEc:dar:wpaper:77444

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