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In a world with risk-neutral agents, liability rules will only induce efficient behaviour if these rules impose the … are not related to the occurrence of an accident. Such a mechanism requires individuals to violate the standard of care in …
Persistent link: https://www.econbiz.de/10011408443
In a world with risk-neutral agents, liability rules will only induce efficient behavior if these rules impose the full … related to the occurrence of an accident. Such a mechanism requires individuals to violate the standard of care in order to …
Persistent link: https://www.econbiz.de/10013320695
Persistent link: https://www.econbiz.de/10001648588
In a world with risk-neutral agents, liability rules will only induce efficient behaviour if these rules impose the … are not related to the occurrence of an accident. Such a mechanism requires individuals to violate the standard of care in …
Persistent link: https://www.econbiz.de/10001634352
Car owners are liable for property damage inflicted on other motorists. In most countries such liability must be … links between liability rules and vehicle choice. It presumes cooperative insurance, but non-cooperative acquisition of … vehicles. Thus, the Nash equilibrium and its degree of efficiency depend on the liability regime. …
Persistent link: https://www.econbiz.de/10003965107
For joint liability problems concerning tort law, a legal compensation scheme may be based on lower and upper bounds of … associated liability game. …
Persistent link: https://www.econbiz.de/10011483800
In a world with risk-neutral agents in which accidents occur with a positive probability, liability rules will only … which guarantees an efficient outcome: monetary fines which are not related to the occurrence of an accident. Such a …
Persistent link: https://www.econbiz.de/10014117655
Sanctions are often so weak that a money maximizing individual would not be deterred. In this paper I show that they may nonetheless serve a forward looking purpose if sufficiently many individuals are averse against advantageous inequity. Using the Fehr/Schmidt model (QJE 1999) I define three...
Persistent link: https://www.econbiz.de/10013081462
stringent liability standards than federal law. The express preemption cases focus on whether the state law requirements are … new frontier in products liability preemption. My proposed model suggests that courts facing these new issues should …
Persistent link: https://www.econbiz.de/10013053274
the potential tort liability of game developers who scientifically engineer games in order to addict users. Scholars from … foundations for, holding video game developers accountable. It argues the novel theory that video game developers who succeed in …
Persistent link: https://www.econbiz.de/10014359032