, focusing on the probability of imposition of sanctions, the magnitude and form of sanctions, and the rule of liability. We then …

One of the principal results in the economic theory of liability is that, assuming litigation is costless, the rule of … strict liability with compensatory damages leads the injurer to choose the socially appropriate level of care. This paper … reexamines this result when litigation is costly. It is shown that strict liability with compensatory damages generally leads to …

This paper formally analyzes strict liability and negligence in a market setting. The discussion emphasizes the impact …

This paper analyzes the normative role for civil liability in aligning terrorism precaution incentives, when the … victims, and terrorists within a sequential, game-theoretic model. The model reveals that, while an "optimal" liability regime …

liability rules on incentives to reduce accident risks. Then consideration of accident law is broadened (chapter 5) to reflect … the effect of liability rules on compensation of victims and the allocation of risk. In this regard a central issue is the … roles of victims' insurance and of liability insurance, and how they alter the incentives inherent in liability rules …

liability rules on incentives to reduce accident risks. Then consideration of accident law is broadened (chapter 5) to reflect … the effect of liability rules on compensation of victims and the allocation of risk. In this regard a central issue is the … roles of victims' insurance and of liability insurance, and how they alter the incentives inherent in liability rules …