By R.O. Zerbe, T. Swanson
"An creation to the legislations and Economics of Environmental coverage" emphasises the significance of institutional layout in addressing social difficulties. 3 vital concerns referring to institutional layout are: guidelines, tools, and enforcement. This quantity surveys all of the matters, and emphasises the typical issues bobbing up in optimum institutional layout. those issues comprise the price of advanced institutional layout, and the function of non-public associations reaching social gadgets. This booklet should be relatively precious to legislation colleges, departments of presidency, coverage or economics, environmental managers and insurance firms.
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Additional info for An introduction to the law and economics of environmental policy: issues in institutional design
Presidentialism vs. Parliamentarism Presidential democracies and parliamentary democracies are two fundamentally different types of regime. In the former, the chief executive (the president) and the legislature are separately elected; in contrast, in parliamentary democracies, the head of government is appointed by and dependent on the legislature. Thus, the executive and the bureaucracy (which is supervised by the executive) are directly accountable to the parliament. Terry Moe and Michael Caldwell (1994) predict that statutes in parliamentary regimes will place few procedural requirements and constraints on the executive and will provide the bureaucracy with more leeway than it will have in a presidential system.
These systems must also provide sufficient product information to enable consumers to make informed environmental choices. All efforts should be made to provide environmental information in electronic format that is easily accessible through public telecommunications networks. B. Public Participation Requirements for public participation in environmental decision making are addressed through Article 6 (decisions on specific activities), Article 7 (plans, programs and polices), and Article 8 (preparation of executive regulation and legally binding normative instruments).
This intersection creates a “limited liability loophole” by means of which it is possible to push costs into the future and then liquidate the corporation prior to the arrival of the liabilities. This liquidation strategy is possible whenever there is a gap between the time of arrival of benefits and the time of the arrival of the corresponding liabilities, but when will it be profitable? e. the mobility of assets); and (c) the profitability or productivity of assets in the enterprise. When a firm exists in an industry where the assets are relatively mobile but unproductive in the current enterprise, there will be the incentive to use the limited liability loophole to generate immediate benefits and then shift them out before the arrival of the corresponding liabilities.
An introduction to the law and economics of environmental policy: issues in institutional design by R.O. Zerbe, T. Swanson