Economic Analysis of Compensation for Oil Pollution Damage in China, Chapter in Book

ECONOMIC ANALYSIS OF LAW IN CHINA, T. Eger, M. Faure, Z. Naigen, eds., Edward Elgar, 2007

56 Pages Posted: 23 Jan 2008 Last revised: 23 Oct 2013

See all articles by Michael G. Faure

Michael G. Faure

University of Maastricht - Faculty of Law, Metro; Erasmus University Rotterdam (EUR) - Erasmus School of Law

Hui Wang

KU Leuven

Abstract

The paper is a chapter in the book Economic Analysis of Law in China. This book comprises contributions on recent developments in China from a law and economics perspective. For the first time Chinese and European scholars jointly discuss some important attributes of China's legal and economic system, and some recent problems, from this particular viewpoint.

The authors apply an economic analysis of law not only to general characteristics of China's social order, such as the specific type of federal competition, the efficiency of taxation and regulation, and the importance of informal institutions (Guanxi), but also to distinct areas of Chinese law such as competition policy, professional regulation, corporate governance and capital markets, oil pollution, intellectual property rights and internet games. The contributors discuss to what extent the law and economic models that have so far been employed within the context of developed countries can be applied to a country like China as well. The European scholars use law and economics in order to determine what China could learn from the European experience. The Chinese scholars discuss whether law and economics can be of any use in analysing the particular features of the Chinese legal system today.

Economic Analysis of Law in China will appeal to lawyers, economists and social scientists in China interested in developing legal institutions with an eye on economic efficiency. Scholars generally interested in the economic analysis of law, as well as in the comparison and transition of economic systems, will also find much in this book that will be of interest to them.

Keywords: economic analysis, compensation, oil pollution damage, China

JEL Classification: K10, K32

Suggested Citation

Faure, Michael G. and Wang, Hui, Economic Analysis of Compensation for Oil Pollution Damage in China, Chapter in Book. ECONOMIC ANALYSIS OF LAW IN CHINA, T. Eger, M. Faure, Z. Naigen, eds., Edward Elgar, 2007 . Available at SSRN: https://ssrn.com/abstract=1086604

Yleen Simonis (Contact Author)

METRO ( email )

P.O.Box 616
Maastricht, 6200 MD
Netherlands

Michael G. Faure

University of Maastricht - Faculty of Law, Metro ( email )

PO Box 616
Maastricht, 6200 MD
Netherlands
+31 - 43 - 388 30 60 (Phone)
+31 - 43 - 325 90 91 (Fax)

HOME PAGE: http://www.michaelfaure.be

Erasmus University Rotterdam (EUR) - Erasmus School of Law ( email )

3000 DR Rotterdam
Netherlands

Hui Wang

KU Leuven ( email )

Oude Markt 13
Leuven, Vlaams-Brabant 3000
Belgium

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