文章基本信息

标题：Regulatory Takings and Environmental Regulation in NAFTA's Chapter 11
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作者：Aisbett, Emma ; Karp, Larry S. ; McAusland, Carol 等
期刊名称：Journal of Food Distribution Research
印刷版ISSN：0047-245X
出版年度：2006
卷号：37
期号：SUPPL
出版社：Food Distribution Research Society
摘要：NAFTA's investment treaty has led to several expropriation compensation claims from investors hurt by new environmental regulations. Expropriation clauses in international treaties solve post-investment moral hazard problems such as hold-ups. However, these clauses can interact with National Treatment clauses in a manner that hinders investment. A police powers carve-out from the definition of expropriation can be Pareto-improving and can increase the level of foreign investment.
关键词：foreign direct investment;regulatory takings;expropriation;NAFTA;National Treatment;environment