The economic perspective views tort law as a mechanism to internalize externalities borne by prohibitively high transaction costs. Tort law has been 'reformed' on two different bases of reasoning. Since the producers have a larger bargaining position to manipulate for underinvestment as measures...

This study investigates the consequences of two alternative legal systems on e-commerce security in terms of the burden of proof. The paper analyzes corollaries of the two alternative e-commerce regulations by comparing the profits of e-commerce firms and their optimal levels of investment in...

This article analyzes how a property tax a¤ects a lease-sale strategy of a durable-good monopolist, and discusses its implication on social welfare with a two-period model. Our model derives some interesting results: (i) Concurrent leasing and selling can be the unique solution. (ii) The...