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 …

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 …

The present paper provides an economic analysis of vicarious liability that takes information rents and monitoring … wealth constrained herself, vicarious liability need not generate efficient precaution incentives. Rather, precaution … regimes: strict liability, the traditional negligence rule, and proportional liability. To do so, I make use of the intensity …

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

In this paper we discuss a new tort liability rule, which we call super-symmetric comparative negligence and vigilance …. When both injurer and victim in an accident are negligent, it provides for liability shares that depend on the degrees of … negligence of the two parties, similar to the standard comparative negligence rule. Unlike standard liability rules, however …

A growing body of literature suggests that courts and juries are inclined toward division of liability between two … strictly non-negligent or 'vigilant' parties. However, standard models of liability rules do not provide for vigilance …-based sharing of liability. In this paper, we explore the economic efficiency of liability rules based on comparative vigilance. We …

Car owners are liable for property damage inflicted on other motorists. In most countries such liability must be … links between liability rules and vehicle choice. It presumes cooperative insurance, but non-cooperative acquisition of … vehicles. Thus, the Nash equilibrium and its degree of efficiency depend on the liability regime. …

comparative negligence rule splits liability between negligent parties according to each party’s degree of fault, it makes the …. In the extension we analyze various negligence-based liability rules, and tax rules, as instruments for mitigating the …