Increasingly, China is planning to move to nuclear power. The plan for China is to double its nuclear capacity in the near future. A critical component is that a regulatory framework has to be developed to accompany this move towards nuclear energy. An important component of such a framework is...

Current regulation and liability schemes ineffectively prevent and routinely under compensate natural resources damages. Compensation instruments, such as liability insurance, direct insurance, risk sharing agreement, environmental funds, and guarantees provided by liable parties or third...

In this contribution we focus on the role of experts in the assessment of tort damages from an economic point of view. We distinguish two different aspects.First, we examine the role which economists might play in assessing damages in tort cases. This approach focuses on the insights that Law...

Over the last years, third-party financing (TPF) of litigation has received considerable attention from both legal commentators and economists. Legal commentators have mainly examined whether third-party litigation financing agreements violate the common law doctrines of maintenance and...

This paper will be published as a chapter of the forthcoming volume ‘Directors & Officers Liability' edited by Simon F. Deakin, Helmut Koziol, and Olaf Riss. It explores D&O liability from a law and economics perspective with a view to identify trade-offs of different legal settings. The paper...

This study analyses the long standing question whether environmental risks and accidents can be sufficiently controlled under a civil liability regime. The literature generally holds that regulation should be the primary instrument to promote environmental care, but that environmental liability...

This article compares Third Party Financing and Legal Expenses Insurance from an economic perspective. Such a comparison deserves attention for at least two reasons. First, LEI is not particularly widespread in Europe, as is often alleged. In most European countries in which the government does...

The traditional economic analysis of tort and insurance has for a long time assumed rationality on the side of persons involved in the accident situation: victims and injurers were assumed to base their decision on e.g. the care levels to adopt on a weighing of cost and benefits of that action....

The tsunami which took place on 2011.3.11 before the coast of Japan and the subsequent nuclear incident at the Fukushima nuclear power plant have shocked the world and raised many questions. One of the questions is to what extent victims of the tsunami and of the nuclear incident can receive...

This are the concluding remarks to an edited volume on climate change liability. The introduction sketches the reasons for writing a book on climate change liability as well as the problem definition, methodology and structure of the book. The concluding remarks show that from the contributions...