A note on defensive expenditures: Harmonised law, diverse results

Anthony Heyes

doi:10.1023/A:1011173305161

A note on defensive expenditures: Harmonised law, diverse results

Anthony Heyes^*

^*Corresponding author for this work

Economics

Research output: Contribution to journal › Article › peer-review

1 Citation (Scopus)

Abstract

In the context of many environmental hazards there is scope for self-defence by victims. Multiple equilibria arise in a model of bilateral precaution under a regime of strict but incompletely enforced environmental liability. This means that the same system of environmental law instigated in two economies may lead to very different outcomes. It impacts upon policy analysis in a variety of ways and provides a channel for "cultural factors" to matter. We explore the positive and normative effects of subsidising self-defence.

Original language	English
Pages (from-to)	257-266
Number of pages	10
Journal	Environmental and Resource Economics
Volume	19
Issue number	3
DOIs	https://doi.org/10.1023/A:1011173305161
Publication status	Published - 2001

ASJC Scopus subject areas

Economics and Econometrics
Management, Monitoring, Policy and Law

Access to Document

10.1023/A:1011173305161

Cite this

@article{58f83bce50f249eea66cfcca6db73a12,

title = "A note on defensive expenditures: Harmonised law, diverse results",

abstract = "In the context of many environmental hazards there is scope for self-defence by victims. Multiple equilibria arise in a model of bilateral precaution under a regime of strict but incompletely enforced environmental liability. This means that the same system of environmental law instigated in two economies may lead to very different outcomes. It impacts upon policy analysis in a variety of ways and provides a channel for {"}cultural factors{"} to matter. We explore the positive and normative effects of subsidising self-defence.",

author = "Anthony Heyes",

year = "2001",

doi = "10.1023/A:1011173305161",

language = "English",

volume = "19",

pages = "257--266",

journal = "Environmental and Resource Economics",

issn = "0924-6460",

publisher = "Springer",

number = "3",

}

TY - JOUR

T1 - A note on defensive expenditures

T2 - Harmonised law, diverse results

AU - Heyes, Anthony

PY - 2001

Y1 - 2001

N2 - In the context of many environmental hazards there is scope for self-defence by victims. Multiple equilibria arise in a model of bilateral precaution under a regime of strict but incompletely enforced environmental liability. This means that the same system of environmental law instigated in two economies may lead to very different outcomes. It impacts upon policy analysis in a variety of ways and provides a channel for "cultural factors" to matter. We explore the positive and normative effects of subsidising self-defence.

AB - In the context of many environmental hazards there is scope for self-defence by victims. Multiple equilibria arise in a model of bilateral precaution under a regime of strict but incompletely enforced environmental liability. This means that the same system of environmental law instigated in two economies may lead to very different outcomes. It impacts upon policy analysis in a variety of ways and provides a channel for "cultural factors" to matter. We explore the positive and normative effects of subsidising self-defence.

UR - http://www.scopus.com/inward/record.url?scp=0034928904&partnerID=8YFLogxK

U2 - 10.1023/A:1011173305161

DO - 10.1023/A:1011173305161

M3 - Article

AN - SCOPUS:0034928904

SN - 0924-6460

VL - 19

SP - 257

EP - 266

JO - Environmental and Resource Economics

JF - Environmental and Resource Economics

IS - 3

ER -

A note on defensive expenditures: Harmonised law, diverse results

Abstract

ASJC Scopus subject areas

Access to Document

Fingerprint

Cite this