Angelova, Vera; Armantier, Olivier; Attanasi, Giuseppe; … - In: Theory and Decision 77 (2014) 4, pp. 531-556
We compare the performance of liability rules for managing environmental disasters when third parties are harmed and cannot always be compensated. A firm can invest in safety to reduce the likelihood of accidents. The firm’s investment is unobservable to authorities. The presence of...
