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In this paper we study the problem of exhaustible resources and renewable resources in a theoretical endogenous growth framework, under various assumptions. In particular, we consider the hypotheses that those two inputs are or are not technologically perfect substitutes of each other. Moreover,...
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internalize the externalities that they create. The Article's main goal is to develop eight liability rules for harms and benefits …
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innovation. Tort liability for negligence, defective products, and medical malpractice is determined by reference to custom. We … demonstrate that courts' reliance on custom and conventional technologies as the benchmark of liability chills innovation and …
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