Record Details

WRRCTR No.155 Economics and Law of Compensation: Natural resources Policy

ScholarSpace at University of Hawaii at Manoa

Field Value
Title WRRCTR No.155 Economics and Law of Compensation: Natural resources Policy
Creator Andersen, Stephen O
Subject compensation natural resources economic justification property rights Pareto optimality environmental effects water law resources management Coase anioms social economics Mono Lake Manville bankruptcy law of waste Natural resources -- Law and legislation.
Description Most economists advocate full compensation for natural resource use and for personal injury. The intent of these positions is to assure proper resource allocation and equity. However, this advocacy often neglects nonmarket resources and perspectives of future generations. This neglect is compounded by the separation of legal process and economic analysis. As a consequence, many economists fail to understand how incomplete compensation is and lawyers frequently find economic analysis too naive...
Date 1982-08
Type Report
Identifier Andersen SO. 1983. Economics and Law of Compensation: Natural resources Policy. Honolulu (HI): Water Resources Research Center, University of Hawaii at Manoa. WRRC technical report, 155. http://hdl.handle.net/10125/1982
Language en-US
Relation WRRC Technical Report 155
Publisher Water Resources Research Center, University of Hawaii at Manoa

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