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Limited liability may result in inefficient accident prevention, because a relevant portion of the expected harm is … externalized on victims. This paper shows that under some restrictive conditions further limiting liability by means of a liability …
Persistent link: https://www.econbiz.de/10011349185
The advantages and disadvantages of genetic modification of organisms in agriculture are reviewed. These relate to the environment, human health, socio-economic effects, population growth, and differential consequences for developed and developing countries. An overall evaluation requires that...
Persistent link: https://www.econbiz.de/10011316889
). Finally, we offer considerations on the optimal design of liability rules. …
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This paper examines how a radical technological innovation affects alliance formation of firms and subsequent network structures. We use longitudinal data of interfirm R&D collaborations in the biopharmaceutical industry in which a new technological regime is established. Our findings suggest...
Persistent link: https://www.econbiz.de/10011372508
For joint liability problems concerning tort law, a legal compensation scheme may be based on lower and upper bounds of … associated liability game. …
Persistent link: https://www.econbiz.de/10011483800
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