Showing 1 - 10 of 842
Reforms to the Joint and Several Liability rule (JSL) are one of the most common tort reforms and have been implemented …
Persistent link: https://www.econbiz.de/10012463237
This is a survey of legal liability for accidents. Three general aspects of accident liability are addressed. The first … is the effect of liability on incentives, both whether to engage in activities (for instance, whether to drive) and how …-bearing and insurance, for the liability system acts as an implicit insurer for accident victims and it imposes risk on potential …
Persistent link: https://www.econbiz.de/10012466890
liability rules on incentives to reduce accident risks. Then consideration of accident law is broadened (chapter 5) to reflect … roles of victims' insurance and of liability insurance, and how they alter the incentives inherent in liability rules …Accident law is the body of legal rules governing the ability of victims of harm to sue and to collect payments from …
Persistent link: https://www.econbiz.de/10012469004
liability rules on incentives to reduce accident risks. Then consideration of accident law is broadened (chapter 5) to reflect … roles of victims' insurance and of liability insurance, and how they alter the incentives inherent in liability rules …Accident law is the body of legal rules governing the ability of victims of harm to sue and to collect payments from …
Persistent link: https://www.econbiz.de/10012469220
In an earlier work, we analyzed how the legal rules governing contractual liability affect the transfer of information … between the parties to the contract. In particular, we showed how limitations on contractual liability might lead high … liability are and are not socially desirable. In an article forthcoming in the Stanford Law Review, Barry Adler develops a …
Persistent link: https://www.econbiz.de/10012471688
A "decoupled" liability system is one in which the award to the plaintiff differs from the payment by the defendant …
Persistent link: https://www.econbiz.de/10012475381
, injunctions or other forms of property rules work better than compensation for damage or liability rules. The equivalences of the …
Persistent link: https://www.econbiz.de/10012455979
A lending boom is reflected in the composition of bank liabilities when traditional retail deposits (core liabilities) cannot keep pace with asset growth and banks turn to other funding sources (non-core liabilities) to finance their lending. We formulate a model of credit supply as the flip...
Persistent link: https://www.econbiz.de/10012460232
The purpose of this paper is to address the role of endogenous default penalties that are contingent upon the intensity of default on the part of the borrowing nation, and to evaluate the effects of contingency plans that make the interest rate dependent upon variables that are correlated with...
Persistent link: https://www.econbiz.de/10012477039
In the last decade, economists have produced a considerable body of research suggesting that the historical origin of a country's laws is highly correlated with a broad range of its legal rules and regulations, as well as with economic outcomes. We summarize this evidence and attempt a unified...
Persistent link: https://www.econbiz.de/10012465031