Jain, Satish - In: Review of Law & Economics 5 (2009) 1, pp. 16-16
rule which specifies (i) which of the two parties, the victim or the injurer, is to be the non-residual liability holder … borne by the non-residual liability holder. The necessary and sufficient conditions for an incremental liability rule to be … efficient, derived in the paper, can be stated as follows: Let the party which is the residual liability holder when both …