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Seminar paper from the year 2009 in the subject Business economics - Law, grade: 1,3, Otto-von-Guericke-University Magdeburg (Fakultät für Wirtschaftswissenschaft), course: Law and Economics, language: English, abstract: Two liability schemes can be used by jurisdictions to ascertain firms comply with environmental protection. Strict liability enforces the companies to use appropriate care. However, the consumers have to be forced to protect themselves, too, by the use of the defence of contributory negligence. Then, the social optimal behaviour of both, the firm and the consumers is reached. As for negligence, this may induce the firm to take appropriate care. However, as wealth among firms is heterogeneous, this does not necessarily hold for all firms. Additionally, negligence induces con-sumers to purchase too much.
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Seminar paper from the year 2009 in the subject Business economics - Law, grade: 1,3, Otto-von-Guericke-University Magdeburg (Fakultät für Wirtschaftswissenschaft), course: Law and Economics, language: English, abstract: Two liability schemes can be used by jurisdictions to ascertain firms comply with environmental protection. Strict liability enforces the companies to use appropriate care. However, the consumers have to be forced to protect themselves, too, by the use of the defence of contributory negligence. Then, the social optimal behaviour of both, the firm and the consumers is reached. As for negligence, this may induce the firm to take appropriate care. However, as wealth among firms is heterogeneous, this does not necessarily hold for all firms. Additionally, negligence induces con-sumers to purchase too much.
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Pollution control in the economic environment
Verlag:
GRIN Verlag, GRIN Verlag Jun 2009, 2009
ISBN 10: 3640349881
ISBN 13: 9783640349883
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Taschenbuch. Zustand: Neu. Neuware -Seminar paper from the year 2009 in the subject Business economics - Law, grade: 1,3, Otto-von-Guericke-University Magdeburg (Fakultät für Wirtschaftswissenschaft), course: Law and Economics, language: English, abstract: Two liability schemes can be used by jurisdictions to ascertain firms comply with environmental protection. Strict liability enforces the companies to use appropriate care. However, the consumers have to be forced to protect themselves, too, by the use of the defence of contributory negligence. Then, the social optimal behaviour of both, the firm and the consumers is reached. As for negligence, this may induce the firm to take appropriate care. However, as wealth among firms is heterogeneous, this does not necessarily hold for all firms. Additionally, negligence induces con-sumers to purchase too much.Books on Demand GmbH, Überseering 33, 22297 Hamburg 16 pp. Englisch. Artikel-Nr. 9783640349883
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Pollution control in the economic environment
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Taschenbuch. Zustand: Neu. Druck auf Anfrage Neuware - Printed after ordering - Seminar paper from the year 2009 in the subject Business economics - Law, grade: 1,3, Otto-von-Guericke-University Magdeburg (Fakultät für Wirtschaftswissenschaft), course: Law and Economics, language: English, abstract: Two liability schemes can be used by jurisdictions to ascertain firms comply with environmental protection. Strict liability enforces the companies to use appropriate care. However, the consumers have to be forced to protect themselves, too, by the use of the defence of contributory negligence. Then, the social optimal behaviour of both, the firm and the consumers is reached. As for negligence, this may induce the firm to take appropriate care. However, as wealth among firms is heterogeneous, this does not necessarily hold for all firms. Additionally, negligence induces con-sumers to purchase too much. Artikel-Nr. 9783640349883
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