When liability for environmental spills, product failures, or other types of accidents is imposed on firms with … financial decisions in the face of liability, as well as the competitive pressures it faces in capital and output markets. By … shows that, in contrast to common pollution externalities, the externality caused by the judgement proof problem is never …

In this paper, we argue that the joint use of ex-ante regulation and ex-post liability rules is efficient when there … are uncertainty surrounding causal investigations and regulatory myopia. As these conditions are generally met in … create a risk for the environment. Moreover, we suggest that a joint use of liability and regulation should more frequently …

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 …

that the total assets of the injurer are not sufficient to pay for all damages. That is, strict liability for the injurer … compensated, in case of an accident, mandatory liability insurance has been introduced. This may have eroded the incentives to … Brussels International Convention on Civil Liability for Oil pollution damage, CLC. The purpose of this convention is to …

external costs and to devise a number of potential internalisation scenarios for further analysis. The results of their … the cheapest cost avoider principle can be applied in practice by providing examples of external costs in road transport …

rates of unnecessary procedures helps lower the excessive healthcare costs that present a major concern for public policy … influence individual insurance liability. Presuming that C-section rates in Germany are partially influenced by economic and … costs without affecting healthcare outcomes. This expectation presumes that there are a sufficient number of practitioners …

rates of unnecessary procedures helps lower the excessive healthcare costs that present a major concern for public policy … insurance liability. Presuming that C-section rates in Germany are partially influenced by economic and legal incentives, the … to the one introduced in Piedmont, one might expect positive effects in terms of reduced healthcare costs without …

We compare the performance of liability rules for managing environmental disasters when third parties are harmed and … increasing prevention. We determine the investment in safety under No Liability, Strict Liability and Negligence, and compare it … the firm's behavior. An experiment tests the theoretical predictions. In line with theory, Strict Liability and Negligence …

jurisdictions in many civil law tradition countries. The results found in this paper do not support this claim. …

We focus in this paper on the effects of court errors on the optimal sharing of liability between firms and financiers …, governments and courts we show, through numerical simulations, the distortions in liability sharing between firms and financiers … firm innocent of inappropriate care) errors. This role is considered in a context where liability sharing is already …