Superfund Liability Reform
Implications for Transaction Costs and Site Cleanup
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This publication contains the written statement of Lloyd S. Dixon submitted on March 10, 1995, to the Subcommittee on Superfund, Waste Control and Risk Assessment of the United States Senate Environment and Public Works Committee. The author summarizes previous RAND estimates of private sector and government transaction costs at Superfund sites to date and when cleanup is complete. The author then considers what various liability reforms imply for transaction costs and site cleanup.
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