<i>'Traditional regulatory approaches to the environment have been found wanting. As environmental challenges grow and become more complex, it is imperative that we seek efficient solutions to them. Tom Tietenberg's editorship brings together the leading experts in the field in an innovative demonstration of the way forward.'</i>
- David Pearce, University College London, UK,
<i>'. . . the essays are well-written, co-ordinated, and readable. One of the book's strengths is its use of economic and legal analysis on selected environmental enforcement and liability issues. The result is many thought-provoking suggestions that realise questions about the basic goals and assumptions that underlie those policy decisions.'</i>
- Frank F. Skillern, Forum for Applied Research and Public Policy,
<i>'I highly recommend the book for everybody interested in the enforcement of environmental regulations.'</i>
- Ing-Marie Gren, The Beijer International Institute of Ecological Economics,
The book sheds new light on two areas of environmental policy - liability law and enforcement - which are experiencing dramatic change. It shows how economic analysis can provide useful and meaningful insights about subjects such as criminal penalties, private enforcement, liability for oil spills, tort remedies, and lender liability which have hitherto only been considered by lawyers. Drawing on the latest advances in both economics and law, it critically assesses how the most recent innovations in liability law and enforcement are actually working in practice.