Superfund and Transaction Costs: The Experiences of Insurers and Very Large Industrial Firms

Superfund and Transaction Costs: The Experiences of Insurers and Very Large Industrial Firms

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Congress enacted the Superfund program in 1980 to clean up the nation's worst inactive hazardous-waste sites. Superfund uses a liability-based approach intended to help government tap private-sector resources to finance and conduct cleanups.

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