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cannot always be compensated. A firm can invest in safety to reduce the likelihood of accidents. The firm's investment is … increasing prevention. We determine the investment in safety under No Liability, Strict Liability and Negligence, and compare it … are equally effective; both perform better than No Liability; investment in safety is not sensitive to the ability of the …
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cannot always be compensated. A firm can invest in safety to reduce the likelihood of accidents. The firm's investment is … increasing prevention. We determine the investment in safety under No Liability, Strict Liability and Negligence, and compare it … are equally effective; both perform better than No Liability; investment in safety is not sensitive to the ability of the …
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