Dieter Schmidtchen, Director, Center for the Study of Law and Economics, Saarland University, Germany, Christian Koboldt, DotEcon Ltd, UK, Jenny Helstroffer, Université du Luxembourg, Birgit Will, Center for the Study of Law and Economics, Saarland University, Germany, Georg Haas, Simon-Kucher & Partners and Stefan Witte, Center for the Study of Law and Economics, Saarland University, Germany

'As a lawyer who has for many years been working on the interface between law and economics, I have observed with impatience the increasing divergence between academic economics and governmental policy-making. Too often economists are too obsessed with the mathematical modelling of their ideas and insufficiently concerned with the applications. This book constitutes a major and refreshing exception to that trend. Dieter Schmidtchen and his colleagues at Saarbrucken have addressed some issues of European transport policy by re-examining the fundamental ideas on which current analysis appears to be based and finding them wanting because they take too narrow a view on the options available.'

• Contents: Foreword by Anthony Ogus 1. Introduction 2. The Pigovian Tradition and the Polluter Pays Principle 3. The Coasian Revolution 4. Reaching Efficiency: Coase versus Pigou 5. Replacing the Polluter Pays Principle with the Cheapest Cost Avoider Principle 6. Beyond Efficiency: Strengths and Weaknesses of the Principles 7. Case Studies 8. The Cheapest Cost Avoider Principle and the European Transport Policy 9. Conclusions References Index

Dieter Schmidtchen, Director, Center for the Study of Law and Economics, Saarland University, Germany, Christian Koboldt, DotEcon Ltd, UK, Jenny Helstroffer, Université du Luxembourg, Birgit Will, Center for the Study of Law and Economics, Saarland University, Germany, Georg Haas, Simon-Kucher & Partners and Stefan Witte, Center for the Study of Law and Economics, Saarland University, Germany

'As a lawyer who has for many years been working on the interface between law and economics, I have observed with impatience the increasing divergence between academic economics and governmental policy-making. Too often economists are too obsessed with the mathematical modelling of their ideas and insufficiently concerned with the applications. This book constitutes a major and refreshing exception to that trend. Dieter Schmidtchen and his colleagues at Saarbrucken have addressed some issues of European transport policy by re-examining the fundamental ideas on which current analysis appears to be based and finding them wanting because they take too narrow a view on the options available.'

• Contents: Foreword by Anthony Ogus 1. Introduction 2. The Pigovian Tradition and the Polluter Pays Principle 3. The Coasian Revolution 4. Reaching Efficiency: Coase versus Pigou 5. Replacing the Polluter Pays Principle with the Cheapest Cost Avoider Principle 6. Beyond Efficiency: Strengths and Weaknesses of the Principles 7. Case Studies 8. The Cheapest Cost Avoider Principle and the European Transport Policy 9. Conclusions References Index

Dieter Schmidtchen, Director, Center for the Study of Law and Economics, Saarland University, Germany, Christian Koboldt, DotEcon Ltd, UK, Jenny Helstroffer, Université du Luxembourg, Birgit Will, Center for the Study of Law and Economics, Saarland University, Germany, Georg Haas, Simon-Kucher & Partners and Stefan Witte, Center for the Study of Law and Economics, Saarland University, Germany

'As a lawyer who has for many years been working on the interface between law and economics, I have observed with impatience the increasing divergence between academic economics and governmental policy-making. Too often economists are too obsessed with the mathematical modelling of their ideas and insufficiently concerned with the applications. This book constitutes a major and refreshing exception to that trend. Dieter Schmidtchen and his colleagues at Saarbrucken have addressed some issues of European transport policy by re-examining the fundamental ideas on which current analysis appears to be based and finding them wanting because they take too narrow a view on the options available.'

• Contents: Foreword by Anthony Ogus 1. Introduction 2. The Pigovian Tradition and the Polluter Pays Principle 3. The Coasian Revolution 4. Reaching Efficiency: Coase versus Pigou 5. Replacing the Polluter Pays Principle with the Cheapest Cost Avoider Principle 6. Beyond Efficiency: Strengths and Weaknesses of the Principles 7. Case Studies 8. The Cheapest Cost Avoider Principle and the European Transport Policy 9. Conclusions References Index