After a fundamental definition of the term leasing, the origination of the leasing business is described in this working paper. After its development in the first, second and third generation is commented. The woreking paper closes with an outlook onto thge future development of the leasing...

This paper analyzes the incentive properties of the standard and burden of proof for a finding of negligence, when evidence about injurers' behavior is imperfect and rests with the parties. We show that the `preponderance of evidence' standard used in common law, together with ordinary exclusion...