Transport, welfare and externalities [electronic resource] : replacing the Polluter Pays Principle with the Cheapest Cost Avoider Principle / Dieter Schmidtchen ... [et al.].
Material type:
TextSeries: New horizons in law and economicsPublication details: Cheltenham, Glos, U.K. ; Northampton, Mass. : Edward Elgar, 2009Description: 1 online resource (xii, 128 p.) : illISBN: 9781849803519 (e-book)Subject(s): Transportation | Transportation -- Environmental aspects | Environmental policyGenre/Form: Electronic books.Additional physical formats: No titleLOC classification: HD9718.A2 | T737 2009Online resources: Click here to access online | Item type | Current library | Call number | URL | Status | Date due | Barcode | Item holds |
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eBook
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Digital Library
Resources in this library are accessible in digital format e.g. eBooks or eJournals accessible online. |
HD9718.A2 T737 2009 (Browse shelf(Opens below)) | Link to resource | Available |
Includes bibliographical references (p. 116-121) and index.
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.
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.
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