caa a22 4500 477078478 CHVBK 20180405111444.0 cr unu---uuuuu 170330e19960601xx s 000 0 eng 10.1007/BF00118647 doi (NATIONALLICENCE)springer-10.1007/BF00118647 Pasour Jr. E. Department of Agricultural and Resource Economics, North Carolina State University, 27695-8109, Raleigh, NC aut Pigou, Coase, common law, and environmental policy: Implications of the calculation debate [Elektronische Daten] [E. Pasour Jr.] The implications of the calculation debate are explored for Pigouvian, Coasean, and common-law liability approaches to externality problems. There is no escaping Hayekian-Misean information problems, but the institutional setting within which environmental policies are resolved affects the domain of third-party calculation. The calculation required is likely to be significantly less under common-law arrangements than under administrative processes. The primary implication for environmental policy is that increased reliance on competitive market processes and the common law in copying with externality problems may be more effective than attempts to improve current administrative approaches. Kluwer Academic Publishers, 1996 Public Choice Kluwer Academic Publishers; http://www.wkap.nl 87/3-4(1996-06-01), 243-258 0048-5829 87:3-4<243 1996 87 11127 https://doi.org/10.1007/BF00118647 text/html Onlinezugriff via DOI 1 research-article jats NATIONALLICENCE 856 40 https://doi.org/10.1007/BF00118647 text/html Onlinezugriff via DOI NATIONALLICENCE 100 1- Pasour Jr E. Department of Agricultural and Resource Economics, North Carolina State University, 27695-8109, Raleigh, NC aut NATIONALLICENCE 773 0- Public Choice Kluwer Academic Publishers; http://www.wkap.nl 87/3-4(1996-06-01), 243-258 0048-5829 87:3-4<243 1996 87 11127 Metadata rights reserved Springer special CC-BY-NC licence nationallicence BK010053 XK010053 XK010000 NATIONALLICENCE NATIONALLICENCE NL-springer