Law and economics are both hostile to liability for exposure to risk without actual harm. Harm is the foundation of …

. Investing in research allows him to acquire information, and then to reduce the uncertainty of the risks of his project. We find … strengthens this ignorance strategy. Finally, we investigate the impact of existing liability rules on the innovator's decision to …

first, only the principal is strictly liable; in the second, only the agent is. We show that shifting the liability upon the … specific model we are able to characterize cases in which a reduction in cheating prevails, and shifting the liability upon the …

. Under unlimited liability, the principal strictly benefits from a gap by partially insuring the agents and thereby reducing … labor costs. If the agents are protected by limited liability, the principal sticks to the standard tournament. …

limits of the equilibrium outcomes for a finite horizon exist. The addition of learning to a stochastic environment is shown …

limits of the equilibrium outcomes for a finite horizon exist. The addition of learning to a stochastic environment is shown …

Na and Shin (1998) showed that the veil of uncertainty can be conducive to the success of self-enforcing international … research efforts worldwide to reduce uncertainty about the environmental impact of emissions and the cost of reducing them … but also partial learning. Second, we test whether the conclusion also holds if there is uncertainty about abatement costs …

contributions. This paper presents experimental results illustrating that the effects of risk and uncertainty depend on the employed … efficiency gains, the presence of risk and uncertainty about the public good's value is not detrimental to cooperation. This … ?nding casts doubt on the hypothesis that risk and uncertainty, per se, weaken people's willingness to contribute. …

We compare behavior in modified dictator games with and without role uncertainty. Subjects choose between a selfish …). While costly surplus creating actions are most frequent under role uncertainty (64%), selfish actions become most frequent … without role uncertainty (69%). Also, the frequency of surplus destroying choices is negligible with role uncertainty (1%) but …