The present paper provides an economic analysis of vicarious liability that takes information rents and monitoring … costs to be borne by the principal explicitly into account. In the presence of information rents or if the principal is … wealth constrained herself, vicarious liability need not generate efficient precaution incentives. Rather, precaution …

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 … create a risk for the environment. Moreover, we suggest that a joint use of liability and regulation should more frequently …

Limited liability may result in inefficient accident prevention, because a relevant portion of the expected harm is … externalized on victims. This paper shows that under some restrictive conditions further limiting liability by means of a liability …

jurisdictions in many civil law tradition countries. The results found in this paper do not support this claim. …

Courts generally insist that two criteria be met before imposing strict liability rather than basing liability on the … negligence rule. The first--that the injurer's activity must be dangerous--is sensible because strict liability possesses general …-advised because it exempts all common activities from strict liability no matter how dangerous they are. Thus, the harm generated by …

There have long been claims that compensations for noneconomic damages are random because tort law does not provide …

: for example, higher regulatory costs need not favor higher exemptions, and the incentives of firms to drop output to …

, Liability Regimes, Externalities, Climate Engineering, Free-Driver Scenario. JEL Codes: Q53, Q54, K13 …Solar Radiation Management (SRM) is a set of potential technologies to counteract climate change. Liability regimes are … one potential form of governance institution to avoid global externalities caused by the SRM "free-driver" problem. In …