Joint and Several Liability and the Brownfields Problem
RFF Academic Seminar
Hillary Sigman, Rutgers University
Previous literature has identified several reasons that environmental liability may discourage efficient redevelopment of potentially contaminated land (“brownfields”), despite land price adjustments. I will discuss the potential role of another factor --- reliance on joint and several liability --- and an attempt to measure empirically the implicit tax on development created by this liability.
Thursday, May 24, 2012
12:00 - 1:30 p.m.
Lunch will be provided.
7th Floor Conference Room
1616 P St. NW
Washington, DC 20036
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