harmful externalities, its actual use has been limited, mainly to the domain of pollution. Liability, in contrast, has great … importance in controlling harmful externalities. I compare the tax and liability here in theory and suggest that the conclusions … help to explain the observed predominance of liability over taxation, except in the area of pollution. The following …

This paper investigates the performance of liability rules in two-party stochastic externality problems where … negotiations are feasible and side payments are based on the realized level of externalities. Results show that an increase in … polluter liability does not necessarily increase safety or efficiency in cases where the polluter is risk neutral. Complete …

harmful externalities, its actual use has been limited, mainly to the domain of pollution. Liability, in contrast, has great … importance in controlling harmful externalities. I compare the tax and liability here in theory and suggest that the conclusions … help to explain the observed predominance of liability over taxation, except in the area of pollution. The following …

This paper investigates the performance of liability rules in two-party stochastic externality problems where … negotiations are feasible and side payments are based on the realized level of externalities. Results show that an increase in … polluter liability does not necessarily increase safety or efficiency in cases where the polluter is risk neutral. Complete …

harmful externalities, its actual use has been limited, mainly to the domain of pollution. Liability, in contrast, has great … importance in controlling harmful externalities. I compare the tax and liability here in theory and suggest that the conclusions … help to explain the observed predominance of liability over taxation, except in the area of pollution. The following …

This is a survey of legal liability for accidents. Three general aspects of accident liability are addressed. The first … is the effect of liability on incentives, both whether to engage in activities (for instance, whether to drive) and how …-bearing and insurance, for the liability system acts as an implicit insurer for accident victims and it imposes risk on potential …