In an earlier work, we analyzed how the legal rules governing contractual liability affect the transfer of information … critique of our analysis, as well as that of Ayres and Gertner, who independently argued that contractual rules can … into account in designing contract rules …

, police, prosecutors) to detect and to sanction violators of legal rules. We first present the basic elements of the theory …

and, g fortiori, before any harm has occurred. This paper reevaluates the rules of strict liability and negligence when … imposed on the injurer still equal the victim's loss? Are the rules of strict liability and negligence still equally desirable …, then the two rules are equivalent, but if liability is set optimally under each rule, then strict liability generally …