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Rand Research On Superfund Transaction Costs
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Book Synopsis RAND Research on Superfund Transaction Costs by : Lloyd S. Dixon
Download or read book RAND Research on Superfund Transaction Costs written by Lloyd S. Dixon and published by . This book was released on 1993 with total page 6 pages. Available in PDF, EPUB and Kindle. Book excerpt: This publication contains the written statement of Lloyd S. Dixon submitted on November 4, 1993 to the Subcommittee on Superfund, Recycling, and Solid Waste of the United States Senate Environment and Public Works Committee. The author addresses the following questions: What is our best estimate of transaction-cost share at Superfund sites to date? What will the transaction-cost share likely be when cleanup is complete? How does transaction-cost share vary by size of firm? What reforms might be considered to reduce transaction costs?
Book Synopsis Private-sector Cleanup Expenditures and Transaction Costs at 18 Superfund Sites by : Lloyd S. Dixon
Download or read book Private-sector Cleanup Expenditures and Transaction Costs at 18 Superfund Sites written by Lloyd S. Dixon and published by RAND Corporation. This book was released on 1993 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: This report will be of interest to those evaluating Superfund's liability-based approach to cleaning up the thousands of abandoned or inactive sites across the U.S. that are contaminated with hazardous substances.
Book Synopsis Superfund and Transaction Costs by : Jan Paul Acton
Download or read book Superfund and Transaction Costs written by Jan Paul Acton and published by . This book was released on 1992 with total page 120 pages. Available in PDF, EPUB and Kindle. Book excerpt: Lloyd Dixon, a RAND economist, recently testified before the U.S. House of Representatives Committee on Public Works and Transportation regarding transaction costs involved in the cleanup of hazardous waste sites. Transaction costs are those that do not contribute directly to the understanding or cleanup of a site. Insurer transaction costs, he stated, were high: 88% of the total expenditures. They were split between coverage disputes and defense of policyholders. For large firms who were potentially responsible parties (PRPs), transaction costs, primarily for legal counsel, averaged 21% of total outlays, but decreased proportionally as cleanup progressed. These costs varied across sites, averaging 7% of the total where only a single PRP was involved and 39% were multiple PRPs were. Dixon concluded his testimony by suggesting that these facts may not tell much about the future, since insurance coverage issues are still unresolved, PRPs involved in cleanup may yet sue non-participating PRPs, and insurers may pursue their reinsurers as their own losses mount.
Book Synopsis Fixing Superfund by : Lloyd S. Dixon
Download or read book Fixing Superfund written by Lloyd S. Dixon and published by RAND Corporation. This book was released on 1994 with total page 116 pages. Available in PDF, EPUB and Kindle. Book excerpt: Focuses on the possible effect of the proposed Superfund Reform Act of 1994 on transaction costs resulting not from cleanup but from assigning liability for cleanup among the various parties.
Book Synopsis Superfund and Transaction Costs by : Lloyd S. Dixon
Download or read book Superfund and Transaction Costs written by Lloyd S. Dixon and published by . This book was released on 1992 with total page 5 pages. Available in PDF, EPUB and Kindle. Book excerpt: Lloyd Dixon, a RAND economist, recently testified before the U.S. House of Representatives Committee on Public Works and Transportation regarding transaction costs involved in the cleanup of hazardous waste sites. Transaction costs are those that do not contribute directly to the understanding or cleanup of a site. Insurer transaction costs, he stated, were high: 88% of the total expenditures. They were split between coverage disputes and defense of policyholders. For large firms who were potentially responsible parties (PRPs), transaction costs, primarily for legal counsel, averaged 21% of total outlays, but decreased proportionally as cleanup progressed. These costs varied across sites, averaging 7% of the total where only a single PRP was involved and 39% where multiple PRPs were. Dixon concluded his testimony by suggesting that these facts may not tell much about the future, since insurance coverage issues are still unresolved, PRPs involved in cleanup may yet sue non-participating PRPs, and insurers may pursue their reinsurers as their own losses mount.
Book Synopsis Analyzing Superfund by : Richard L. Revesz
Download or read book Analyzing Superfund written by Richard L. Revesz and published by Routledge. This book was released on 2016-03-17 with total page 169 pages. Available in PDF, EPUB and Kindle. Book excerpt: Originally published in 1995, Analyzing Superfund outlines the key issues of the superfund reauthorization debate in the United States. The Superfund law faced criticism for being wasteful, inefficient and expensive. These papers sought to shed light on this argument in relation to clean-up standards, the liability regime, transaction costs and natural resource damage. This title will be of interest to students of Environmental Studies and professionals
Download or read book Superfund written by Lloyd S. Dixon and published by . This book was released on 1993 with total page 85 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Footing the Bill for Superfund Cleanups by : Katherine N. Probst
Download or read book Footing the Bill for Superfund Cleanups written by Katherine N. Probst and published by Brookings Institution Press. This book was released on 2010-12-01 with total page 194 pages. Available in PDF, EPUB and Kindle. Book excerpt: One of the difficulties associated with Superfund—the federal government's program for cleaning up toxic waste sites in the United States—is the poor understanding we have about who is actually bearing its costs. While it is known that the tax on chemical and petroleum feedstocks raises about $570 million annually for the Superfund Trust Fund and the corporate environmental tax raises another $460 millino each year, further reliable data are only now becoming available. Researchers are beginning to understand how much potentially responsible parties and their insurers are spending on both transaction costs and on-site cleanups. Unfortunately, this is only the first part of the puzzle. Ultimately, these costs are borne by individuals--as consumers of the products or services provided or as share- or bond-holders, employees, or managers of the company. To date, no one has attempted to estimate the distribution of initial costs under the Superfund liability system or examined carefully the indirect effects of the costs of the Superfund program on other industries. In this book, the authors develop information on who pays the costs and who bears the burden under the current liability scheme in Superfund on a site-by-site basis. They look at short-term financial implications of changes in liability and taxes on key sectors affected by Superfund: chemicals, oil, mining, wood preserving, and commercial property-casualty insurers. They analyze the incidence of different taxing mechanisms and compare and contrast the financial effects on specific industries of the current Superfund program and of several alternative lability and tax-based funding mechanisms available. The alternative liability approaches examined include a scenario in which liability is eliminated for all sites created before Superfund was enacted, as well as a scenario in which parties are released from liability at sites where municipal and industrial wastes were codisposed. Because any change in liability will require a corollary change in trust fund revenues, the authors also assess the economic implications of a variety of taxes that could be used to finance the creation of a larger trust fund for site cleanups. These include an increase in the corporate environmental tax and the implemenation of new taxes, such as an excise tax on commercial insurance. Don Fullerton is a professor of economics and public policy at Carnegie Mellon, H. John Heinz III School of Public Policy and Management. Robert E. Litan, is a senior fellow at Brookings, and formerly was deputy assistant attorney general in the Antitrust Division of the U.S. Department of Justice. Paul R. Portney is vice president and senior fellow at resources for the Future. Katherine N. Probst is a fellow in the Center for Risk Management at Resources for the Future.
Book Synopsis Understanding Superfund by : Jan Paul Acton
Download or read book Understanding Superfund written by Jan Paul Acton and published by . This book was released on 1989 with total page 102 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Superfund program, established by Congress in 1980 and reauthorized in 1986, is intended to handle emergencies arising from the release of hazardous wastes, to provide long-term cleanup for a limited number of sites, and to encourage more responsible disposal of hazardous wastes in the future. This report provides an overview of the Superfund program, its legal basis, and its sources of funds; presents a concise description of incentives and the major administrative steps taken in their application; provides an overview of the major indicators of program effect based on public data available from the Environmental Protection Agency and other selected sources; presents a short interpretation of some of the most interesting or puzzling findings; and outlines statistics and attempts to capture costs and activities for each of the major groups participating in the Superfund process. It also considers the transaction-cost issue, focusing on two of the key players in the cleanup process: very large companies (potentially responsible parties) and insurers that are brought into the hazardous-waste cleanup process by their policy holders' indemnity claims. It describes their experiences with Superfund and Superfund-type sites, and shows the division of their expenses between cleanup and transaction costs.
Book Synopsis The Total Costs of Cleaning Up Nonfederal Superfund Sites by :
Download or read book The Total Costs of Cleaning Up Nonfederal Superfund Sites written by and published by DIANE Publishing. This book was released on 1994-03 with total page 64 pages. Available in PDF, EPUB and Kindle. Book excerpt: Analyzes the future costs to the public and private sectors that can be expected under Superfund's current policies. Includes glossary of Superfund terms. Charts and tables.
Author :United States. Congress. Senate. Committee on Environment and Public Works. Subcommittee on Superfund, Waste Control, and Risk Assessment Publisher : ISBN 13 : Total Pages :910 pages Book Rating :4.F/5 ( download)
Book Synopsis Superfund Reassessment and Reauthorization by : United States. Congress. Senate. Committee on Environment and Public Works. Subcommittee on Superfund, Waste Control, and Risk Assessment
Download or read book Superfund Reassessment and Reauthorization written by United States. Congress. Senate. Committee on Environment and Public Works. Subcommittee on Superfund, Waste Control, and Risk Assessment and published by . This book was released on 1996 with total page 910 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Superfund Liability Reform by : Lloyd S. Dixon
Download or read book Superfund Liability Reform written by Lloyd S. Dixon and published by . This book was released on 1995 with total page 7 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis The Total Costs of Cleaning Up Nonfederal Superfund Sites by : Perry Beider
Download or read book The Total Costs of Cleaning Up Nonfederal Superfund Sites written by Perry Beider and published by . This book was released on 1994 with total page 64 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author :United States. Congress. House. Committee on Government Operations. Environment, Energy, and Natural Resources Subcommittee Publisher : ISBN 13 : Total Pages :258 pages Book Rating :4.:/5 (327 download)
Book Synopsis Benefits and Drawbacks of the Superfund Statute's Liability Provisions by : United States. Congress. House. Committee on Government Operations. Environment, Energy, and Natural Resources Subcommittee
Download or read book Benefits and Drawbacks of the Superfund Statute's Liability Provisions written by United States. Congress. House. Committee on Government Operations. Environment, Energy, and Natural Resources Subcommittee and published by . This book was released on 1994 with total page 258 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Assigning Liability for Superfund Cleanups by : Katherine N. Probst
Download or read book Assigning Liability for Superfund Cleanups written by Katherine N. Probst and published by Routledge. This book was released on 2014-04-04 with total page 78 pages. Available in PDF, EPUB and Kindle. Book excerpt: While more than 2,700 emergency removals of hazardous materials have taken place under Superfund, implementing the long-term cleanup program has been the object of considerable controversy. One of the most contentious issues is whether the liability standards in the law should be revised. The authors analyze the pros and cons associated with the current liability approach, as well as with a variety of alternative strategies.
Author :United States. Congress. House. Committee on Ways and Means. Subcommittee on Oversight Publisher : ISBN 13 : Total Pages :516 pages Book Rating :4.0/5 (1 download)
Book Synopsis Review of the Hazardous Substance Superfund by : United States. Congress. House. Committee on Ways and Means. Subcommittee on Oversight
Download or read book Review of the Hazardous Substance Superfund written by United States. Congress. House. Committee on Ways and Means. Subcommittee on Oversight and published by . This book was released on 1993 with total page 516 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author :United States. Congress. House. Committee on Transportation and Infrastructure. Subcommittee on Water Resources and Environment Publisher : ISBN 13 : Total Pages :1512 pages Book Rating :4.3/5 (121 download)
Book Synopsis Superfund Reauthorization by : United States. Congress. House. Committee on Transportation and Infrastructure. Subcommittee on Water Resources and Environment
Download or read book Superfund Reauthorization written by United States. Congress. House. Committee on Transportation and Infrastructure. Subcommittee on Water Resources and Environment and published by . This book was released on 1996 with total page 1512 pages. Available in PDF, EPUB and Kindle. Book excerpt:
