incentives to reduce risk of various ways of treating such uncertainty under the liability system are identified using a …Situations in which there is uncertainty over the cause of harm are studied (e.g., was the lung cancer due to normal … a criterion for determining liability may adversely affect behavior: parties might face a diminished burden of liability …

When faced with financial uncertainty, rational agents have incentives to take steps ex ante to reduce the probability … (self-protection) or size (self-insurance) of a loss. However, in the case of liability risk, especially physician responses … cost of malpractice liability. Specifically, we test whether physicians exploit provisions of bankruptcy laws and adjust …

objective in this paper is to understand how fundamental uncertainty can affect the long run growth rate, and what are the … when we move from a world of perfect certainty to one with uncertainty that resembles the average uncertainty in a large …