competitive market in rescues. The model explicitly incorporates the possibility of rescues motivated by altruism. We then apply … main consistent with our economic model when altruism is taken into account, as are the differences between the maritime …

would be much less imposing were it not for altruism, a factor ignored in most discussion of externalities. Altruism may be … of altruism, the costs of rescue, and the benefits to the rescuee. Although the general legal rule is not to reward the … rescuer (nor to impose liability), the law recognizes the fragility of altruism and entitles the rescuer to a reward in …