covered. The first is legal liability for harm. Here we discuss liability rules as incentives to reduce risk, issues of risk …-bearing and insurance, and the costs of the liability system. Second, we consider property law, where we address the nature and …

liability and the nature of the fair use doctrine could therefore gain valuable insight from the general theory and economic … mixed system of liability, which resorts to both strict liability and negligence to achieve the utilitarian aim of promoting …

.Efficiency also supports extending liability for punitive damages to those breaches that are, in theory, “efficient.” The threat of … party for a release. Relying on Calabresi and Melamed's distinction between “property rules” and “liability rules …

The strict liability rule applies in Chinese Contract Law. This article analyses the features of the Chinese Contract …

In his influential paper “Contracting Into Liability Rules: Intellectual Property Rights and Collective Rights … superiority of property over liability rules, since Merges demonstrated a seemingly critical asymmetry between the two. Merges … liability rule, but that we weren’t similarly stuck with an inefficiently-allocated property rule.The evidence Merges brought to …