TY - BOOK AU - Schmidtchen,Dieter ED - Edward Elgar Publishing. TI - Transport, welfare and externalities: replacing the Polluter Pays Principle with the Cheapest Cost Avoider Principle T2 - New horizons in law and economics SN - 9781849803519 (e-book) AV - HD9718.A2 T737 2009 PY - 2009/// CY - Cheltenham, Glos, U.K., Northampton, Mass. PB - Edward Elgar KW - Transportation KW - Environmental aspects KW - Environmental policy KW - Electronic books KW - lcsh N1 - 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 N2 - 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 UR - https://www.elgaronline.com/view/9781848444119.xml ER -