right or a liability rule? This paper focuses on how the allocation of entitlements affects ex ante investments and actions … ante efficiency. As far as ex ante effects are concerned, liability rules are not generally superior to property rights …

doctor. Non-negligent drivers impose risk on others without being liable for it. When liability externalities are mainly … some kinds of doctors to convey more positive than negative externalities on their patients. Increasing liability for these … negative as with driving, liability should increase beyond full compensation to discourage the activity. Unlike pedestrians …