This paper focuses both on the competition process and the firms liability in environmental protection and the … liability: they seek to minimize the technologies accident risk while the second one corresponds to a much more standard choice …. The players main preoccupation is about their market share even if they care about liability. Then, from a very simple …

Na and Shin (1998) showed that the veil of uncertainty can be conducive to the success of self-enforcing international … research efforts worldwide to reduce uncertainty about the environmental impact of emissions and the cost of reducing them … but also partial learning. Second, we test whether the conclusion also holds if there is uncertainty about abatement costs …

scenario. Both environmental and economic uncertainty are included in the model and treated using an integrated approach, in … opportunities. Moreover, we take explicit account of how uncertainty interacts with two types of irreversibility: sunk costs …

When liability for environmental spills, product failures, or other types of accidents is imposed on firms with … financial decisions in the face of liability, as well as the competitive pressures it faces in capital and output markets. By … fully offset by market power. Finally, by analysing how hazardous industries as a whole restructure in response to liability …

This paper studies the delegation of activities that pose serious risks to health and the environment in an economy … regulated by strict liability schemes. Strict liability induces judgment-proof possibilities. Two civil liability regimes are … then compared: a strict liability scheme and a capped strict liability one. The argument is led under a twofold asymmetric …

efficiency of two main civil liability regimes usually enforced to protect the environment: the strict liability regime and the …This paper addresses the conditions for setting up strict civil liability schemes. For that it compares the social … capped strict liability scheme. First, it shows that the regulator faces an effective dilemma when he has to enforce one of …