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We compare the performance of liability rules for managing environmental disasters when third parties are harmed and cannot always be compensated. A firm can invest in safety to reduce the likelihood of accidents. The firm's investment is unobservable to authorities. Externality and asymmetric...
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We compare the performance of liability rules for managing environmental disasters when third parties are harmed and cannot always be compensated. A firm can invest in safety to reduce the likelihood of accidents. The firm's investment is unobservable to authorities. Externality and asymmetric...
Persistent link: https://www.econbiz.de/10009515729
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paternalistic action to their well-being. We find that protégé punish a paternalist restricting their freedom of choice. Yet, this …. Controlling for intentions ascribed to the patron does not alter our finding. -- paternalism ; consequentialism ; value of freedom …
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