Two Conceptions of Irreversible Environmental Harm

The concept of "irreversibility" plays a large role in the theory and practice of environmental protection. Indeed, the concept is explicit in some statements of the Precautionary Principle. But the idea of irreversibility remains poorly defined. Because time is linear, any loss is, in a sense, irreversible. On one approach, drawn from environmental economics, irreversibility might be understood as a reference to the value associated with taking precautionary steps that maintain flexibility for an uncertain future ("option value"). On another approach, drawn from environmental ethics, irreversibility might be understood to refer to the qualitatively distinctive nature of certain environmental harms - a point that raises a claim about incommensurability. The two conceptions fit different problems. For example, the idea of option value best fits the problem of climate change; the idea of qualitatively distinctive harms best fits the problem of extinction of endangered species. These ideas can be applied to a wide assortment of environmental problems.

[1]  Ariel Porat,et al.  EXPANDING RESTITUTION: LIABILITY FOR UNREQUESTED BENEFITS , 2008 .

[2]  D. Weisbach,et al.  The Taxation of Carried Interests in Private Equity , 2007 .

[3]  D. Weisbach,et al.  Consumption Taxation is Still Superior to Income Taxation , 2007 .

[4]  Anup Malani,et al.  Valuing Laws as Local Amenities , 2007 .

[5]  Richard H. McAdams,et al.  The Economic Costs of Inequality , 2007, The Costs of Inequality in Latin America.

[6]  Lior Jacob Strahilevitz,et al.  Wealth without Markets , 2006 .

[7]  M. Todd Henderson,et al.  Everything Old Is New Again: Lessons from Dodge v. Ford Motor Company , 2007 .

[8]  M. Henderson,et al.  Paying CEOs in Bankruptcy: Executive Compensation when Agency Costs are Low , 2006 .

[9]  C. Sunstein,et al.  Is OSHA Unconstitutional? , 2008 .

[10]  E. Posner,et al.  Are Judges Overpaid? A Skeptical Response to the Judicial Salary Debate , 2007 .

[11]  Ariel Porat,et al.  Liability Externalities and Mandatory Choices: Should Doctors Pay Less? , 2006 .

[12]  Richard A. Epstein,et al.  Decentralized Responses to Good Fortune and Bad Luck , 2007 .

[13]  C. Sunstein,et al.  Second-Order Perfectionism , 2006 .

[14]  C. Sunstein,et al.  Availability Cascades and Risk Regulation , 1999 .

[15]  Randal C. Picker,et al.  Pulling a Rabbi Out of His Hat: The Bankruptcy Magic of Dick Posner , 2007 .

[16]  Janice Nadler,et al.  Coordinating in the Shadow of the Law: Two Contextualized Tests of the Focal Point Theory of Legal Compliance , 2008 .

[17]  Cass R. Sunstein The Complex Climate Change Incentives of China and the United States , 2007 .

[18]  Christopher R. Berry,et al.  Fiscal Consequences of Electoral Institutions , 2007, The Journal of Law and Economics.

[19]  Richard H. McAdams,et al.  Reforming Entrapment Doctrine in United States v. Hollingsworth , 2007 .

[20]  C. Sunstein,et al.  Illusory Losses , 2007 .

[21]  David A. Weisbach,et al.  What Does Happiness Research Tell Us About Taxation? , 2008, The Journal of Legal Studies.

[22]  E. Posner,et al.  A Critique of the Odious Debt Doctrine , 2007 .

[23]  Eric A. Posner,et al.  The Case for For-Profit Charities , 2006 .

[24]  C. Sunstein Of Montreal and Kyoto: A Tale of Two Protocols , 2007 .

[25]  C. Sunstein,et al.  The New Legal Realism , 2007 .

[26]  Abraham L. Wickelgren,et al.  Controlling Avian Influenza in Chickens , 2007 .

[27]  David A. Weisbach,et al.  A Welfarist Approach to Disabilities , 2007 .

[28]  Cass R. Sunstein,et al.  Incompletely Theorized Agreements in Constitutional Law , 2007 .

[29]  C. Sunstein,et al.  The Real World of Arbitrariness Review , 2007 .

[30]  J. Don Preliminary Injunctions as Relief for Substantial Procedural Violations of Environmental Statutes: Amoco Production Co. v. Village of Gambell , 1987 .

[31]  J. Nash,et al.  Economic Efficiency versus Public Choice: The Case of Property Rights in Road Traffic Management , 2007 .

[32]  Adam B. Cox,et al.  Designing Redistricting Institutions , 2006 .

[33]  Richard A. Epstein,et al.  The Human and Economic Dimensions of Altruism: The Case of Organ Transplantation , 2008, The Journal of Legal Studies.

[34]  C. Sunstein,et al.  Four Failures of Deliberating Groups , 2008 .

[35]  Lee Anne Fennell Slices and Lumps , 2008 .

[36]  D. Weisbach,et al.  The Irreducible Complexity of Firm-Level Income Taxes: Theory and Doctrine in Corporate Tax , 2007 .

[37]  Randal C. Picker Who Should Regulate Entry into Iptv and Municipal Wireless? , 2006 .

[38]  Eugene Kontorovich,et al.  What Standing Is Good For , 2007 .

[39]  Eric A. Posner,et al.  Human Welfare, Not Human Rights , 2008 .

[40]  Cass R. Sunstein,et al.  If People Would Be Outraged by Their Rulings, Should Judges Care? , 2007 .

[41]  Randal C. Picker Take Two: Stare Decisis in Antitrust - The Per Se Rule Against Horizontal Price-Fixing , 2008 .

[42]  Michael B. Abramowicz,et al.  Prediction Markets for Corporate Governance , 2006 .

[43]  T. Miles,et al.  Judging the Voting Rights Act , 2007 .

[44]  Lior Jacob Strahilevitz,et al.  Reputation Nation: Law in an Era of Ubiquitous Personal Information , 2007 .

[45]  Jacob E. Gersen,et al.  Timing Rules and Legal Institutions , 2007 .

[46]  Eric A. Posner,et al.  Professionals or Politicians: The Uncertain Empirical Case for an Elected Rather Than Appointed Judiciary , 2010 .

[47]  J. Masur,et al.  Process as Purpose: Administrative Procedure, Costly Screens and Examination at the Patent Office , 2008 .

[48]  J. Nash,et al.  An Empirical Investigation into Appellate Structure and the Perceived Quality of Appellate Review , 2007 .

[49]  C. Sunstein,et al.  Willingness to Pay Versus Welfare , 2007 .

[50]  Jens Ludwig,et al.  Reefer Madness: Broken Windows Policing and Misdemeanor Marijuana Arrests in New York City, 1989-2000 , 2007 .

[51]  C. Sunstein,et al.  Cost-Benefit Analysis Without Analyzing Costs of Benefits: Reasonable Accommodation, Balancing, and Stigmatic Harms , 2007 .

[52]  Cass R. Sunstein,et al.  Causation in Tort: General Populations vs. Individual Cases , 2007 .

[53]  Kal Raustiala,et al.  The Piracy Paradox: Innovation and Intellectual Property in Fashion Design , 2006 .

[54]  G. C. Griffin,et al.  Other People's Money , 2022, Filmmakers and Financing.

[55]  Richard A. Epstein,et al.  Some Reflections on Custom in the IP Universe , 2008 .

[56]  Randal C. Picker 'Twombly', 'Leegin' and the Reshaping of Antitrust , 2008 .

[57]  Chicago Unbound Climate Change and International Human Rights Litigation: A Critical Appraisal , 2007 .

[58]  C. Sunstein,et al.  Deliberating Groups versus Prediction Markets (or Hayek's Challenge to Habermas) , 2006, Episteme.

[59]  Christopher Buccafusco,et al.  Hedonic Adaptation and the Settlement of Civil Lawsuits , 2008 .

[60]  Eric A. Posner,et al.  The Second-Order Structure of Immigration Law , 2006 .

[61]  Lior Jacob Strahilevitz,et al.  'Don't Try this at Home': Posner as Political Economist , 2007 .

[62]  Ariel Porat,et al.  Aggregating Probabilities across Offe nces in Criminal Law , 2008 .

[63]  R. Posner,et al.  The Economics of Presidential Pardons and Commutations , 2007, The Journal of Legal Studies.

[64]  Richard A. Epstein,et al.  The Property Rights Movement and Intellectual Property , 2008 .

[65]  Bernard E. Harcourt,et al.  A Reader's Companion to Against Prediction: A Reply to Ariela Gross, Yoram Margalioth, and Yoav Sapir on Economic Modeling, Selective Incapacitation, Governmentality, and Race , 2008, Law & Social Inquiry.

[66]  Adam B. Cox,et al.  The Temporal Dimension of Voting Rights , 2006 .

[67]  Daniel Kahneman,et al.  Indignation: Psychology, Politics, Law , 2007 .

[68]  M. Todd Henderson,et al.  From 'Seriatim' to Consensus and Back Again: A Theory of Dissent , 2007 .

[69]  R. Epstein,et al.  How to Create - Or Destroy - Wealth in Real Property , 2008 .

[70]  A. Collins The Prime Directive , 2009 .

[71]  M. Todd Henderson,et al.  Deconstructing Duff & Phelps , 2007 .

[72]  Susan Bandes,et al.  The Heart has its Reasons: Examining the Strange Persistence of the American Death Penalty, 42 Studies in Law, Politics and Society 21 (Austin Sarat ed. 2008). , 2007 .

[73]  C. Sunstein,et al.  Adolescent Risk-Taking and Social Meaning: A Commentary , 2008 .

[74]  Eric A. Posner,et al.  Which States Have the Best (and Worst) High Courts? , 2008 .

[75]  Ariel Porat,et al.  The Unconventional Uses of Transaction Costs , 2006 .

[76]  Adrian Vermeule,et al.  The Credible Executive , 2006 .