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innovation. Tort liability for negligence, defective products, and medical malpractice is determined by reference to custom. We … demonstrate that courts' reliance on custom and conventional technologies as the benchmark of liability chills innovation and …
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internalize the externalities that they create. The Article's main goal is to develop eight liability rules for harms and benefits …
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We set up a theoretical framework to analyze the possible role of economic growth and technological progress in the erosion of social capital. Under certain parameters, the relationship between technological progress and social capital can take the shape of an inverted U curve. We show the...
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