Regulating agricultural contamination of groundwater through strict liability and negligence legislation
1992
Wetzstein, M.E. | Centner, T.J.
New state and national legislation attempts to limit the liability of agricultural chemical users by emasculating existing strict liability standards and replacing them with negligence standards. The allocation of contamination costs and precaution level between producers and victims of contamination associated with these alternative legislative standards is investigated. The analysis employed is a dynamic game theoretic framework considering moral hazard. Based on this analysis, a new institutional response is recommended to assign property rights based upon propensity and severity of injury and to require victim precaution.
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