The present paper provides an economic analysis of vicarious liability that takes information rents and monitoring … costs to be borne by the principal explicitly into account. In the presence of information rents or if the principal is … wealth constrained herself, vicarious liability need not generate efficient precaution incentives. Rather, precaution …

It is well known that uncertainty concerning firms' costs as well as market power of the latter have to be taken into … and taxes against the background of uncertain emission control costs and a polluting asymmetric Cournot duopoly …. -- asymmetric Cournot duopoly ; external diseconomies of pollution ; cost uncertainty ; emission standard ; emission tax …

It is well known that uncertainty concerning firms' costs as well as market power of the latter have to be taken into … against the background of uncertain emission control costs and various degrees of the polluting firms' market power …. -- Cournot oligopoly ; external diseconomies of pollution ; cost uncertainty ; emission standard ; emission tax …

It is well known that uncertainty concerning firms’ costs as well as market power of the latter have to be taken into … against the background of uncertain emission control costs and various degrees of the polluting firms’ market power …. -- Cournot oligopoly ; external diseconomies of pollution ; cost uncertainty ; emission standard ; emission tax …

It is well known that uncertainty concerning firms' costs as well as market power of the latter have to be taken into … emission standards and taxes against the background of uncertain emission control costs and a polluting asymmetric Cournot … duopoly. -- Asymmetric Cournot duopoly ; external diseconomies of pollution ; cost uncertainty ; emission standard ; emission …

The present paper provides an economic analysis of vicarious liability that takes information rents and monitoring … costs to be borne by the principal explicitly into account. In the presence of information rents or if the principal is … wealth constrained herself, vicarious liability need not generate efficient precaution incentives. Rather, precaution …

In 2001, Nevada significantly limited the personal legal liability of corporate officers and directors. We use this … risk on agency costs. We find decreased firm value, especially for firms with lower levels of investor protection and with … the highest expected agency costs. We also find that managerial incentives are reduced as measured by lower CEO pay …

several liability --- that affect the level and distribution of expected private cleanup costs. It explores the effects of … environmental liability is a hindrance to redevelopment. However, with land price adjustments, liability might not impede the reuse … of this land. Existing literature has found price reductions in response to liability, but few studies have looked for an …