Sigman Hilary
Rutgers University.
J Law Econ. 2010;53(2):289-306. doi: 10.1086/649803.
Many communities are concerned about the reuse of potentially contaminated land (brownfields) and believe that environmental liability is a hindrance to redevelopment. However, with land price adjustments, liability might not impede the reuse of this land. This article studies state liability rules-specifically, strict liability and joint and several liability-that affect the level and distribution of expected costs of private cleanup. It explores the effects of this variation on industrial land prices and vacancy rates and on reported brownfields in a panel of cities across the United States. In the estimated equations, joint and several liability reduces land prices and increases vacancy rates in central cities. The results suggest that liability is at least partly capitalized but does still deter redevelopment.
许多社区担心潜在污染土地（棕地）的再利用问题，并且认为环境责任是再开发的障碍。然而，随着土地价格调整，责任可能不会阻碍这片土地的再利用。本文研究了影响私人清理预期成本水平和分配的州责任规则，特别是严格责任和连带责任。它探讨了这种变化对美国一组城市的工业土地价格、空置率以及报告的棕地的影响。在估计方程中，连带责任降低了中心城市的土地价格并提高了空置率。结果表明，责任至少部分地被资本化，但仍然会阻碍再开发。
