Singh, Ram; Feldman, Allan M. - eSocialSciences - 2010
-based sharing of liability. In this paper, we explore the economic efficiency of liability rules based on comparative vigilance. We … necessary for efficiency. However we develop a liability rule, which we call the “super-symmetric rule,†that is both … accident losses into two parts: one part creates incentives for efficiency; the other part provides equity. [Working Paper No …