Angelova, Vera; Attanasi, Giuseppe; Hiriart, Yolande - 2012
the firm's behavior. An experiment tests the theoretical predictions. In line with theory, Strict Liability and Negligence … firm to compensate potential victims. In contrast with theory, prevention rates absent liability are much higher and … liability is much less effective than predicted. -- Risk Regulation ; Liability Rules ; Incentives Insolvency ; Experiment …