parties pay for harm done--that is, by liability rules? In this article, we present a systematic economic analysis of this … fundamental question. Our primary object is to explain why liability rules are often employed to protect individuals against … course of our analysis, we suggest that a variety of commonly held beliefs about property and liability rules are in error …

) defensive actions permitted by tort doctrine? To address these questions I will build on the property and liability rules … rules are socially preferable to liability rules in low transaction cost settings, because they obviate costly defensive …

, injunctions or other forms of property rules work better than compensation for damage or liability rules. The equivalences of the …

In their seminal 1972 article, "Property Rules, Liability Rules, and Inalienability: One View of the Cathedral," Guido … liability rules. Their article has become one of the cornerstones of modern legal scholarship, and the influence of the theory … explored experimentally. To remedy this knowledge gap, we conducted a series of controlled experiments on liability and …

studies the degree to which protecting copyright owners or technological innovators by property rules or liability rules over …