Limited liability may result in inefficient accident prevention, because a relevant portion of the expected harm is … externalized on victims. This paper shows that under some restrictive conditions further limiting liability by means of a liability …

and by considering individuals' situation and economic circumstances. The economic theory provides determinants that are … obligations of insurance intermediaries and a liability rule to sanction violations. In order to interpret and substantiate the …

We analyze the effects of accidents and liability obligations on the incentives of car manufacturers to monopolize the … results is the observation that high prices for spare parts entail a negative external effect inasmuch as liability …

profit without adequately bearing the liability for potential loss. Social implications The condition of ḍamān al …