It is well known that uncertainty concerning firms’ costs as well as market power of the latter have to be taken into … against the background of uncertain emission control costs and various degrees of the polluting firms’ market power …. -- Cournot oligopoly ; external diseconomies of pollution ; cost uncertainty ; emission standard ; emission tax …

It is well known that uncertainty concerning firms' costs as well as market power of the latter have to be taken into … emission standards and taxes against the background of uncertain emission control costs and a polluting asymmetric Cournot … duopoly. -- Asymmetric Cournot duopoly ; external diseconomies of pollution ; cost uncertainty ; emission standard ; emission …

It is well known that uncertainty concerning firms' costs as well as market power of the latter have to be taken into … and taxes against the background of uncertain emission control costs and a polluting asymmetric Cournot duopoly …. -- asymmetric Cournot duopoly ; external diseconomies of pollution ; cost uncertainty ; emission standard ; emission tax …

It is well known that uncertainty concerning firms' costs as well as market power of the latter have to be taken into … against the background of uncertain emission control costs and various degrees of the polluting firms' market power …. -- Cournot oligopoly ; external diseconomies of pollution ; cost uncertainty ; emission standard ; emission tax …

revised version of this paper has been published in the American Law and Economics Review under the title: "Liability law … the case with toxic torts. Risk aversion and ambiguity aversion tend to have a similar impact on optimal liability rules … liability dominates negligence when the injurer has lower degrees of risk and ambiguity aversion than the victim and can …

This paper analyzes the meaning of comparing the economic performance of strict liability and negligence rule in a … unilateral standard accident model under Knightian uncertainty. It focuses on the cost expectation of major harm on which the … injurers form beliefs. It shows first that, when the Court agrees with the regulator, whatever the liability regime, the first …

the extent of uncertainty and risk-aversion as follows: (i) Individual effort to improve ecosystem quality unambiguously …

We model unilateral auditor liability under the assumption that the auditor has an aversion to uncertainty about … higher care with high damage payments. If investors have strong incentives to bring a law suit, auditors' ambiguity aversion … will tend to induce excessive care. A liability cap is then advisable. Even with low incentives to sue, an ambiguity …