In the economic analysis of liability law, information about accident risk and how it can be influenced by precautions is commonly taken for granted. However, a profound understanding of the relationship between care and accident risk often requires learning-by-doing. In a two-period model, we...

Widespread adoption of robot cars could have a revolutionary impact on these figures, potentially preventing 90 percent of crashes and saving thousands of lives every year. The impact of such a robotic revolution would go beyond transportation. Robot cars may transform the automobile industry...

The clash between “technocratic regulatory aspirations and the legal culture” that pervades the technology industry has been the locus of political debate, the darling of scholarly intrigue, and the thorn in industry's side since before the release of Henry Ford's Model-T. This paper...