caa a22 4500 477129765 CHVBK 20180405111701.0 cr unu---uuuuu 170330e19971001xx s 000 0 eng 10.1023/A:1007713515455 doi (NATIONALLICENCE)springer-10.1023/A:1007713515455 Segerson Kathleen Department of Economics, University of Connecticut, 06269-1063, Storrs, CT aut Legal Liability as an Environmental Policy Tool: Some Implications for Land Markets [Elektronische Daten] [Kathleen Segerson] This article considers the use of legal liability as a tool for internalizing environmental externalities, considering specifically the implications for land markets. The discussion focuses on liability under CERCLA. A simple model of land markets is used to evaluate alternative assignments of liability in terms of their impacts on decisions to buy and sell property and to invest in pollution abatement. The results suggest that the existence of a land market can alter the effect of the liability rule. In some cases the land market can eliminate an inefficiency that would otherwise exist, while in other cases it can create one. Kluwer Academic Publishers, 1997 liability nationallicence CERCLA nationallicence environmental contamination nationallicence The Journal of Real Estate Finance and Economics Kluwer Academic Publishers 15/2(1997-10-01), 143-159 0895-5638 15:2<143 1997 15 11146 https://doi.org/10.1023/A:1007713515455 text/html Onlinezugriff via DOI 1 research-article jats NATIONALLICENCE 856 40 https://doi.org/10.1023/A:1007713515455 text/html Onlinezugriff via DOI NATIONALLICENCE 100 1- Segerson Kathleen Department of Economics, University of Connecticut, 06269-1063, Storrs, CT aut NATIONALLICENCE 773 0- The Journal of Real Estate Finance and Economics Kluwer Academic Publishers 15/2(1997-10-01), 143-159 0895-5638 15:2<143 1997 15 11146 Metadata rights reserved Springer special CC-BY-NC licence nationallicence BK010053 XK010053 XK010000 NATIONALLICENCE NATIONALLICENCE NL-springer