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9781848444119

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'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.'

'This book discusses for the first time the relevance of the economic analysis of law for transport policy. The difference between applying the polluter-pays-principle and Calabresi's notion of the cheapest cost avoider are clearly explained and distributional consequences are also considered. Moreover, in addition to a brilliant economic analysis, the book also discusses important cases and the consequences of their analysis for European transport policy. It is a must-read for anyone interested either in law and economics generally or transport policy in particular.' - Michael Faure, Maastricht University and Erasmus University Rotterdam, The Netherlands

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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

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