This paper focuses both on the competition process and the firms liability in environmental protection and the … liability: they seek to minimize the technologies accident risk while the second one corresponds to a much more standard choice …. The players main preoccupation is about their market share even if they care about liability. Then, from a very simple …

This paper focuses both on the competition process and the firms' liability in environmental protection and the … liability: they seek to minimize the technologies accident risk while the second one corresponds to a much more standard choice …. The players' main preoccupation is about their market share even if they care about liability. Then, from a very simple …

regulations or liability. This concealment leads to negative externalities and public harm. But what if private firms' superior … regulations? In Limited Liability and the Known Unknown, I argue that firms that desire limited liability for their investors … should be forced to pay what they believe limited liability is worth. This would have several salutary effects. Firms' choice …

liability constraint. We examine all situations in which either structural conditions, financial considerations, or … that, when the limited liability constraint binds, there exists an infinity of multi-period punishment paths that permit … collusion is strictly higher than without the limited liability constraint, which hinders collusion …

minimized by the efficient contract supplied by the principal. -- Environment ; Strict Liability ; Ex-Ante Regulation ; Ex …-Post Liability ; Judgment-Proof ; Environment Law ; CERCLA ; Environmental Liability …This paper studies the delegation of activities that pose serious risks to health and the environment in an economy …

This paper analyzes the meaning of comparing the economic performance of strict liability and negligence rule in a … unilateral standard accident model under Knightian uncertainty. It focuses on the cost expectation of major harm on which the … injurers form beliefs. It shows first that, when the Court agrees with the regulator, whatever the liability regime, the first …

create a risk for the environment. Moreover, we suggest that a joint use of liability and regulation should more frequently …In this paper, we argue that the joint use of ex-ante regulation and ex-post liability rules is efficient when there … are uncertainty surrounding causal investigations and regulatory myopia. As these conditions are generally met in …