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Concept information

Preferred term

economics of environmental law  

Definition

  • From the perspective of economics, the fundamental role of environmental law is to internalize externalities. Environmental problems are a case of market failure caused by negative externalities. [Source: Encyclopedia of Law & Society: American and Global Perspectives; Environmental Law, Economics Of]

Broader concept

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URI

http://data.loterre.fr/ark:/67375/N9J-Z07CBFMS-7

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