In an earlier work, we analyzed how the legal rules governing contractual liability affect the transfer of information … between the parties to the contract. In particular, we showed how limitations on contractual liability might lead high … liability are and are not socially desirable. In an article forthcoming in the Stanford Law Review, Barry Adler develops a …

joint liability contract or group based - generating a trust game between borrowers, controls for information asymmetries …. MC programs based on group lending under joint liability, dynamic lending and with social cost for defaulting contracts …

The aim of this paper is to demonstrate that liability on the part of a person of unsound mind in respect of an act …, he is not in possession of all their faculties. Regulations providing for liability on the part of the person of unsound … the risk of liability in cases where he commits an unlawful act. Liability linked to the choice of level of activity would …

A "decoupled" liability system is one in which the award to the plaintiff differs from the payment by the defendant …. The optimal system of decoupling makes the defendant's payment as high as possible. Such a policy allows the award to the … optimal payment by the defendant. The possibility of an out-of-court settlement does not qualitatively affect these results …

In an earlier work, we analyzed how the legal rules governing contractual liability affect the transfer of information … between the parties to the contract. In particular, we showed how limitations on contractual liability might lead high … liability are and are not socially desirable. In an article forthcoming in the Stanford Law Review, Barry Adler develops a …