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 …

Physicians are supposed to serve patients' interests, but some are more inclined to do so than others. This paper … studies how the system of health care provision affects the allocation of patients to physicians when physicians differ in … altruistic physicians infer that in their absence, NHS patients receive lower treatment quality than private sector patients …

time preference are not considered simultaneously. We correct for differential mortality risk, risk aversion and …

are mechanisms through which SES, health and mortality are related. Our model predicts a widening and possibly a …

). Finally, we offer considerations on the optimal design of liability rules. …