Environmental liability and harmonization in the presence of transboundary effects and hidden assets

Within the context of transboundary disputes, this paper seeks to determine which liability concept, negligence or strict liability, performs better when assets are secure against foreign claims for transboundary damages. Our results indicate that, if assets are hidden from foreign claims, strict liability will not implement the socially optimal outcome, but neither will negligence. However, even though the socially optimal outcome is not always achieved, strict liability weakly dominates negligence. These results suggest that the harmonization of statues that deal with transboundary pollution should be based on strict liability not negligence. JEL classification K32 · Q5 Smith and Eckert both thank SSHRC of Canada for financial assistance. We thank two referees for valuable comments that greatly improved the paper and Matt Smith for his research assistance. All remaining errors are our responsibility.     

Do the polls affect elections? Some 1980 evidence

This paper finds that the relatively favorable standing of Ronald Reagan in the preelection polls helped to generate a bandwagon effect in the 1980 presidential election. The models tested here suggest that this effect was most pronounced among voters who had the weakest prior political opinions and hence were most susceptible to suggestion through the media. While the bandwagon effect that is generated is modest, after controlling for an array of other political biases, it is substantial enough to warrant further attention as the dissemination of poll results becomes an increasingly attractive news event.