efficiency of two main civil liability regimes usually enforced to protect the environment: the strict liability regime and the … independently of any liability regime. This independency has economic consequences. First, victims and polluters pit one against … another about the liability regime that the government should enforce. Hence, financially constrained polluters prefer the …

This paper studies the delegation of activities that pose serious risks to health and the environment in an economy … and favors adverse selection. Then, under conditions, a capped strict liability regime is a better regime than a standard …