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Transport, Welfare And Externalities |
Dieter Schmidtchen, Director, Center for the Study of Law and Economics, Saarland University, Germany, Christian Koboldt, DotEcon Ltd, UK, Jenny Helstroffer, Université du Luxembourg, Birgit Will, Center for the Study of Law and Economics, Saarland University, Germany, Georg Haas, Simon-Kucher & Partners, Germany and Stefan Witte, Center for the Study of Law and Economics, Saarland University, Germany
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‘This book discusses for the first time the relevance of the economic analysis of law for transport policy. The difference between applying the polluter-pays-principle and Calabresi’s notion of the cheapest cost avoider are clearly explained and distributional consequences are also considered. Moreover, in addition to a brilliant economic analysis, the book also discusses important cases and the consequences of their analysis for European transport policy. It is a must-read for anyone interested either in law and economics generally or transport policy in particular.’
– Michael Faure, Maastricht University and Erasmus University Rotterdam, The Netherlands
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Contents: Foreword by Anthony Ogus 1. Introduction 2. The Pigovian Tradition and the Polluter Pays Principle 3. The Coasian Revolution 4. Reaching Efficiency: Coase versus Pigou 5. Replacing the Polluter Pays Principle with the Cheapest Cost Avoider Principle 6. Beyond Efficiency: Strengths and Weaknesses of the Principles 7. Case Studies 8. The Cheapest Cost Avoider Principle and the European Transport Policy 9. Conclusions References Index
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This book is part of the New Horizons in Law and Economics series. To view the rest of the series, please use the link.
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New Horizons in Law and Economics series books 
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