Fixing Superfund
The Effect of the Proposed Superfund Reform Act of 1994 on Transaction Costs
This report focuses on the possible effect of the proposed Superfund Reform Act of 1994 on transaction costs — costs resulting not from cleanup but from assigning liability for cleanup among the various parties. The analysis is based on previous work on transaction costs performed at RAND, and on telephone interviews with various stakeholders in the Superfund process. Stakeholders interviewed include representatives of large and small potentially responsible parties, insurers, reinsurers, the Environmental Protection Agency, the Department of the Treasury, environmental groups, and researchers. Because of its focus on transaction costs, this report does not address other important effects of the proposed legislation. For example, it does not discuss the effect of the proposed reforms on EPA’s budget or on the relationship between the costs of Superfund cleanups and the benefits of cleanups for human health and the environment.
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Document Details
- Copyright: RAND Corporation
- Availability: Available
- Print Format: Paperback
- Paperback Pages: 111
- List Price: $15.00
- Paperback Price: $12.00
- Paperback ISBN/EAN: 0-8330-1568-0
- Document Number: MR-455-ICJ
- Year: 1994
- Series: Monograph Reports
Contents
Chapter One
Introduction
Chapter Two
PRP-PRP Interaction
Chapter Three
PRP-Government Interaction
Chapter Four
PRP-Insurer and Insurer-Reinsurer Interactions
Chapter Five
Community-Government and Community-PRP Interactions
Chapter Six
Conclusions
Appendix
Derivation of Estimated Overall Private-Sector Transaction-Cost Share
The project was sponsored by the Institute for Civil Justice at RAND.
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