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 …

When liability for environmental spills, product failures, or other types of accidents is imposed on firms with … financial decisions in the face of liability, as well as the competitive pressures it faces in capital and output markets. By … shows that, in contrast to common pollution externalities, the externality caused by the judgement proof problem is never …

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 …

that the total assets of the injurer are not sufficient to pay for all damages. That is, strict liability for the injurer … compensated, in case of an accident, mandatory liability insurance has been introduced. This may have eroded the incentives to … Brussels International Convention on Civil Liability for Oil pollution damage, CLC. The purpose of this convention is to …

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

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

, possibly leading to civil and even criminal liability.It now seems clear that criminal liability for the harm caused by a … article examines one particular aspect of the emerging development: the potential criminal liability of the vessel owner or … that the owner's or operator's criminal liability may be based on either vicarious liability for the criminal acts of a …

then deepens into the principles of European law favoring recognition of U.S. opt-out class actions containing an award of …

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