NATIONAL BUREAU OF ECONOMIC RESEARCH
NATIONAL BUREAU OF ECONOMIC RESEARCH

The Corrective Tax versus Liability As Solutions to the Problem of Harmful Externalities

Steven Shavell

NBER Working Paper No. 16235
Issued in July 2010

---- Acknowledgements -----

I thank Richard Epstein, Louis Kaplow, A. Mitchell Polinsky, Richard Posner, and Rob Stavins for comments and the John M. Olin Center for Law, Economics, and Business at Harvard Law School for research support on this article. The views expressed herein are those of the author and do not necessarily reflect the views of the National Bureau of Economic Research.

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