Is liability law a suitable instrument for controlling externalities? The optimistic view from the law and economics … literature conflicts with observed outcomes from jurisdictions relying on a tort-based procedure for controlling externalities …

's proportionate contribution to the externality. In this situation a strict liability law leads to short and long run efficiency only …It has been widely argued that tort law can provide an effective decentralizes mechanism by which a socially optimal …

's proportionate contribution to the externality. In this situation a strict liability law leads to short and long run efficiency only …It has been widely argued that tort law can provide an effective decentralizes mechanism by which a socially optimal …

Two methods for pricing an externality -taxes and strict liability- are modeled as lobbying contests with endogenous … numbers of participants. In the tax contest, a regulator is susceptible to lobbying by polluters and victims. Under liability …

Two methods for pricing an externality -taxes and strict liability- are modeled as lobbying contests with endogenous … numbers of participants. In the tax contest, a regulator is susceptible to lobbying by polluters and victims. Under liability …

Reasons for the joint use of ex ante regulation and ex post liability to cope with environmental accidents have been a … longstanding issue in law and economics literature. This article, which includes the first empirical study of the French … general trend toward a clear division of labour between regulation and liability: when both are jointly used, liability …

uncertainty problems in liability. A widely held view among Law & Economics scholars is that civil liability alone is not well … way to address causal uncertainty at the liability stage. We show that such increase in efficiency is mainly due to a … civil liability rule, it is therefore advocated that a regulatory system be implemented combined with a public insurance …

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 …

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 …