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Incentives to Settle Under Joint and Several Liability

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NBER1999-04-01 更新2025-01-04 收录
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Congress may soon restrict joint and several liability for cleanup of contaminated sites under Superfund. We explore whether this change would discourage settlements and is therefore likely to increase the program's already high litigation costs. Recent theoretical research by Kornhauser and Revesz

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1999-04-01
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