Comparing the Efficiency of Remedies for Environmental Harm: US v. EU
One central question in the economics of torts is: what is the optimal level of damages? This paper focuses on the issues of inaccuracy that may occur when dealing with environmental damage assessments. Given the nature of loss, the assessment of environmental harm raises several issues of inaccuracy that scholars largely investigated. Traditionally, they deal with the assessment of the extent of the injury, the causal links and the specific characteristics of the considered remedy. In the wake of this scholarship, the paper looks closer at the existing remedy of restoration in order to determine whether it is “on average accurate” and it draws on two case studies (US and EU) in order to test whether the law is in line with the economic theory.
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| Format: | Article/Letter to editor biblioteca |
| Language: | English |
| Subjects: | Life Science, |
| Online Access: | https://research.wur.nl/en/publications/comparing-the-efficiency-of-remedies-for-environmental-harm-us-v- |
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