The political situation of Nepal has changed rapidly in 2006. Civil war ended by virtue of a shared constitutional agreement for future peace and development of democracy. In the current transitional phase, constitutional legality and the rule of law may be difficult to preserve. However, the...

This paper analyzes the role of uncertain costs and liability in the free market context and compares it with Calabresi’s approach. Contrary to the mainstream literature, the free-market view claims that property rights should not be tampered with, that the tort-feasor should always be held...