Industrial and environmental accidents are seldom far from the headlines in any part of the globe. Yet what factors determine their occurrence and is there a pattern to their distribution?
This book brings these key questions into focus by examining three critical aspects of the topic: the belief formation vis-a-vis risk or misconduct; the design of legal sanctions; and the effects of risk regulation and liability rules on business and on the supply of finance.
The book as a whole offers real insights into the institutional and incentive constraints faced by the major players involved in the public and private management of industrial and environmental risk.
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