ECON 260 Lecture Notes - Migratory Bird Treaty Act Of 1918, Deepwater Horizon Oil Spill, Syncrude

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Suasion, green goods: this chapter is about ways citizens can deal with environmental problems with minimal government involvement. Liability laws people solve problems through the courts. Property rights people solve problems by negotiating with each other. Moral suasion people try to persuade others to change their behavior. Green goods people can buy or sell goods that help the environment. Liability laws: people who harm the environment are held liable for their actions according to established laws the perpetrator(s) must pay for damages they cause, people who incur damages must take the perpetrator to court. A dam breaks near oliver, bc, causing a mudslide. Damages: 3 homes destroyed, 14 agricultural properties can no longer be productive, damages not covered by home insurance. Liability laws can mean that whoever is responsible should have to pay. It is not, however, always clear who is responsible.

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