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
Belongs to group
URI
https://concepts.sagepub.com/social-science/concept/economics_of_environmental_law
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