Transport, welfare and externalities : replacing the Polluter Pays Principle with the Cheapest Cost Avoider Principle / Dieter Schmidtchen ... [and others].
2009
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Title
Transport, welfare and externalities : replacing the Polluter Pays Principle with the Cheapest Cost Avoider Principle / Dieter Schmidtchen ... [and others].
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Imprint
Cheltenham, Glos, U.K. ; Northampton, Mass. : Edward Elgar, 2009.
Description
1 online resource (xii, 128 pages) : illustrations.
Series
New horizons in law and economics.
Elgaronline.
Elgaronline.
Formatted Contents Note
1. Introduction
2. The Pigovian Tradition and the Polluter Pays Principle
3. The Coasian revolution
4. Reaching efficiency : Coase versus Pigou
5. Replacing the Polluter Pays Principle with the Cheapest Cost Avoider Principle
6. Beyond efficiency : strengths and weaknesses of the principles
7. Case studies
8. The Cheapest Cost Avoider Principle and the European transport policy
9. Conclusions.
2. The Pigovian Tradition and the Polluter Pays Principle
3. The Coasian revolution
4. Reaching efficiency : Coase versus Pigou
5. Replacing the Polluter Pays Principle with the Cheapest Cost Avoider Principle
6. Beyond efficiency : strengths and weaknesses of the principles
7. Case studies
8. The Cheapest Cost Avoider Principle and the European transport policy
9. Conclusions.
Summary
This book discusses a paradigm shift for dealing with the internalization of external costs in transport. Crucial to the analysis is the insight that the polluters are not the only cost drivers; both pollutees and the state can also contribute to reducing social costs. The authors show that applying the Cheapest Cost Avoider Principle (CCAP) instead of the Polluter Pays Principle (PPP) can lead to substantial welfare improvements.
Bibliography, etc. Note
Includes bibliographical references (pages 116-121) and index.
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Language
English
ISBN
9781849803519 e-book
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