information concerning product risk, and mandatory and voluntary disclosure rules are equivalent …

incentives to reduce risk of various ways of treating such uncertainty under the liability system are identified using a … (if their probability of causation systematically fell below the threshold) and thus do too little to reduce risk; or they …

activities and, if so, their efforts to reduce risk. However, the requirements may undesirably prevent some parties with low … assets from engaging in activities. Liability insurance requirements tend to improve parties' incentives to reduce risk when … insurers can observe levels of care, but dilute incentives to reduce risk when insurers cannot observe levels of care. In the …

should be guided by an economic calculus. That calculus is developed in the theory presented in this article and the actual …

We analyze the contractual relation between workers and their employers when there is nominal risk. The key feature of … eliminate all nominal risk for the parties (by fully indexing the terms of the contracts to the price level) but they would be …