Purpose – The purpose of this paper is to understand the incentive effects of existing compensation mechanisms in case of the bankruptcy of a financial institution. Design/methodology/approach – The paper uses insights of law and economics to predict the effects of compensation mechanisms on...

The paper compares the development and present state of compensation for victims of catastrophes in Belgium and The Netherlands, two countries that have both undergone legislative changes in this field in recent years. From the perspective of law and economics, the evolution of private insurance...

Liability rules, regulation and insurance have all been proposed in legal and economic theory as instruments to prevent safety risks created by enterprises. Moreover, these rules can also be found in combination in most legal systems. Indeed, liability rules are often advanced as the market...

Environmental policy, focusing on the control of pollution and on over-exploitation, easily overlooks the extensive range of interconnections between economic activities and natural systems. In this timely book, a number of specialists examine how crucial aspects of complex environmental...

The Handbook focuses particularly on how the development of EU law negotiates the tension between market integration, national sovereignty and political democracy. The book begins with chapters examining constitutional issues, while further chapters address the establishment of a single market....

This comprehensive volume provides a state-of-the-art overview of regulatory economics and reviews the main theories, tools, and domains of regulation