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Author: Jan Paul Acton
Publisher:
ISBN:
Category : Business & Economics
Languages : en
Pages : 120
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Book Description
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.
Author: Jan Paul Acton
Publisher:
ISBN:
Category : Business & Economics
Languages : en
Pages : 120
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Book Description
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.
Author: Lloyd S. Dixon
Publisher:
ISBN: 9780833020673
Category : Factory and trade waste
Languages : en
Pages : 5
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Book Description
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.
Author: Lloyd S. Dixon
Publisher: RAND Corporation
ISBN:
Category : History
Languages : en
Pages : 116
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Book Description
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.
Author: Lloyd S. Dixon
Publisher: RAND Corporation
ISBN: 9780833014702
Category : Liability for hazardous substances pollution damages
Languages : en
Pages : 0
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Book Description
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.
Author: Lloyd S. Dixon
Publisher:
ISBN:
Category : Hazardous substances
Languages : en
Pages : 6
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Book Description
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?
Author: Lloyd S. Dixon
Publisher:
ISBN:
Category : Hazardous substances
Languages : en
Pages : 7
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Book Description
Author: United States. General Accounting Office
Publisher:
ISBN:
Category : Hazardous substances
Languages : en
Pages : 70
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Book Description
Author: Deborah Skoller Drezner
Publisher:
ISBN:
Category :
Languages : en
Pages : 474
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Book Description
Author: Lloyd S. Dixon
Publisher:
ISBN:
Category : Hazardous substances
Languages : en
Pages : 85
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Book Description
Author: Richard L. Revesz
Publisher: Routledge
ISBN: 131735480X
Category : Business & Economics
Languages : en
Pages : 280
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Book Description
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
