in Europe and Latin America, where several governments are large shareholders in a variety of public firms. In a sense …, the subprime crisis induced these governments to behave as active large shareholders. This paper uses a sample of public … firms in Brazil to show that government activism lowers the value of minority shareholders' voting rights. While the …

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 … "capped strict liability scheme". First, it shows that the regulator faces an effective dilemma when he has to enforce one of …

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 … wealth. The paper shows that standard strict liability under information asymmetries deters the efficient agent to compete …

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 … associated to the burden of evidence, the fairness between victims and injurers, etc. -- Strict Liability ; Negligence Rule …