cannot always be compensated. A firm can invest in safety to reduce the likelihood of accidents. The firm's investment is … increasing prevention. We determine the investment in safety under No Liability, Strict Liability and Negligence, and compare it … are equally effective; both perform better than No Liability; investment in safety is not sensitive to the ability of the …

cannot always be compensated. A firm can invest in safety to reduce the likelihood of accidents. The firm's investment is … increasing prevention. We determine the investment in safety under No Liability, Strict Liability and Negligence, and compare it … are equally effective; both perform better than No Liability; investment in safety is not sensitive to the ability of the …

that could protect surplus (“security”). But the joint achievement of security and prosperity had to escape a paradox … conflict when defense capability is fixed, but may allow for security and prosperity when defense capability is endogenous …. Some economic shocks and military innovations deliver security and prosperity while others force societies back into a trap …

that could protect surplus ("security"). But the joint achievement of security and prosperity had to escape a paradox … conflict when defense capability is fixed, but may allow for security and prosperity when defense capability is endogenous …. Some economic shocks and military innovations deliver security and prosperity while others force societies back into a trap …