-takers concerning their potential legal liability for negligence. …

-Post Liability ; Judgment-Proof ; Environment Law ; CERCLA ; Environmental Liability … 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 …

This paper analyzes the meaning of comparing the economic performance of strict liability and negligence rule in a … unilateral standard accident model under Knightian uncertainty. It focuses on the cost expectation of major harm on which the … injurers form beliefs. It shows first that, when the Court agrees with the regulator, whatever the liability regime, the first …

paid by the winner. We study the impact of these price-externalities on the first-price auction and the second … independently from the identity of the winner. We prove that the first-price auction is not affected by this kind of price-externalities … by the presence of such price-externalities. In any case, in comparison with the first-price auction, the second …

-choice experiment ; liability insurance ; nuclear accident ; willingness to pay …

liability regimes in tort law: rule of negligence and strict liability. Starting from the standard Shavellian unilateral … accident scheme, I show that matching up liability regime on their capacity to provide the highest level of safety is … uncertainty. The second one takes into consideration the beliefs of agents and their aversion to ambiguity. The model applies …

; Strict Liability ; Ex-Ante Regulation ; Ex-Post Liability ; Judgment-Proof ; Environment Law ; CERCLA ; Environmental …This paper addresses the conditions for setting up strict civil liability schemes. For that it compares the social … efficiency of two main civil liability regimes usually enforced to protect the environment: the strict liability regime and the …

the related coping strategies produce some kind of externalities toward others. Whether they are positive or negative, the … presence of externalities may lead the system towards Pareto-dominated states. In this work, we study under and over … externalities to other agents. We distinguish adaptation technologies between maladaptation and mitigation ones, depending on the …

encompasses many economic models with externalities and outside options. We show that when outside options are pure (i …