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In a recent article, Jain and Singh (2002) prove that a condition they call negligence liability is necessary and sufficient for any liability rule to be efficient. In this note I critique their result on two accounts: First, their result crucially depends on implicit restrictions they impose on...
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The theory of full implementation has been criticized for using integer/modulo games, which admit no equilibrium …-established but somewhat orthogonal approaches in full implementation theory. We show that Maskin monotonicity is a necessary and …
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