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This paper analyzes the meaning of comparing the economic performance of strict liability and negligence rule in a … injurers form beliefs. It shows first that, when the Court agrees with the regulator, whatever the liability regime, the first …, judge and regulator disagree, it is impossible to discriminate among liability standards because the issue depends on the …
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Time overruns are common in public works and are not confined to inherently complex tasks. One explanation advanced in this paper is that bidders can undergo unpredictable changes in production costs which generate an option value of waiting. By exploiting the real-option approach, we examine...
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In this paper I discuss how Law and Economics can benefit from incorporating some insights from Public Choice into their analyses. Within this argument, I examine the evolution of experimental methods by looking at laboratory, field, and natural experiments; and conducting a very simple...
Persistent link: https://www.econbiz.de/10012423740
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 …
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