Limiting Limited Liability

Limited liability may result in inefficient accident prevention, because a relevant portion of the expected harm is externalized on victims. This paper shows that under some restrictive conditions further limiting liability by means of a liability cap can improve caretaking.

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Year of publication:	2006-06-14
Authors:	Dari-Mattiacci, Giuseppe
Published in:	Economics Bulletin. - AccessEcon, ISSN 1545-2921. - Vol. 11.2006, 1, p. 1-7
Publisher:	AccessEcon

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Extent:	application/pdf
Type of publication:	Article
Classification:	K1 - Basic Areas of Law
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10010836142