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Full-Text Articles in Environmental Law
Capital Rigidities, Latent Externalities, Shi-Ling Hsu
Capital Rigidities, Latent Externalities, Shi-Ling Hsu
Scholarly Publications
Capital, one of two fundamental inputs to production, is critical to economic growth. As such, legal rules and institutions generally seek to create more of it, and they also seek to protect existing capital from policy changes. However, capital is often durable, and during its natural life, information may emerge pointing to negative externalities resulting from operation of that capital. Legal rules and institutions, in seeking to stimulate and sustain economic growth by promoting and protecting capital, thus tend to induce the creation of excess capital. This abundance of capital creates excess resistance to new regulation or policy reform, as …
California's Coast: The Struggle Today -- A Plan For Tomorrow (Part Ii), Peter M. Douglas, Joseph E. Petrillo
California's Coast: The Struggle Today -- A Plan For Tomorrow (Part Ii), Peter M. Douglas, Joseph E. Petrillo
Florida State University Law Review
No abstract provided.