Limited liability may result in inefficient accident prevention, because a relevant portion of the expected harm is … externalized on victims. This paper shows that under some restrictive conditions further limiting liability by means of a liability …

obligations of insurance intermediaries and a liability rule to sanction violations. In order to interpret and substantiate the …

-bearing and insurance, for the liability system acts as an implicit insurer for accident victims and it imposes risk on potential …, and nonpecuniary harm. Liability is also compared to other methods of controlling harmful activities, notably, to …This is a survey of legal liability for accidents. Three general aspects of accident liability are addressed. The first …