strict liability rule for railway accidents by the Prussian Railway Law in 1838. This was a complete break with the whole … in the present-day broad diffusion of the liability rule in the German tort law. …

of reference used by lawyers, without it, legal theory, in particular in the private law field, will be incomplete while …

Die Ökonomische Theorie des Haftungsrechts kommt zu dem Ergebnis, daß Haftungsregeln unter bestimmten Bedingungen dazu … gentechnologischen Forschung stark diskutiert. Es wird aufgezeigt, daß eine experimentelle Untersuchung der Ökonomischen Theorie des …

While various liability rules of tort law provide efficient incentives to invest, breach remedies of contract law are …

determinants for efficiency in credence goods markets. While theory predicts that either liability or verifiability yields … efficiency, we find that liability has a crucial, but verifiability only a minor effect. Allowing sellers to build up reputation … higher efficiency as long as liability is violated. …

We analyze the effects of accidents and liability obligations on the incentives of car manufacturers to monopolize the … external effect inasmuch as liability obligations imply that consumers of competing products have to pay the high prices as …

The US and the EU recently introduced regulation to curb the extent of risky off-label drug use. It offers … reinforcement of physician liability for off-label use may be the preferred instrument for achieving dynamic efficiency. The … liability threat reduces the demand for off-label use, giving manufacturers an appropriate incentive to invest in extended …

determinants for efficiency in credence goods markets. While theory predicts that either liability or verifiability yields … efficiency, we find that liability has a crucial, but verifiability only a minor effect. Allowing sellers to build up reputation … higher efficiency as long as liability is violated. …