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Journal of Economic Perspectives: Vol. 5 No. 3 (Summer 1991)
JEP Volume. 5, Issue 3 | 
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The Limitations of Legal Institutions for Addressing Environmental Risks
Article Citation
Menell, Peter S. 1991. "The Limitations of Legal Institutions for Addressing Environmental Risks."
Journal of Economic Perspectives,
5(3): 93-113.
DOI: 10.1257/jep.5.3.93
DOI: 10.1257/jep.5.3.93
Abstract
This article assesses the major systems of environmental liability in the United States—the toxic tort system and Superfund. The discussion of each of these areas first lays out the scientific background of the environmental problems and the applicable regulatory regime. It then analyzes the efficacy of these regimes for addressing environmental problems and suggests alternative institutional designs for better promoting the goals of equitable and cost-effective compensation of disease victims and efficient deterrence and remediation of environmental degradation.
Article Full-Text Access
Full-text Article (Complimentary)
Authors
Menell, Peter S. (U CA, Berkeley)
JEL Classifications
K13: Tort Law and Product Liability
Q28: Renewable Resources and Conservation: Government Policy
Q28: Renewable Resources and Conservation: Government Policy
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