In the law and economics literature the question of efficiency of liability rules has primarily been analyzed in the … liability with the defense of contributory negligence are efficient, the rules of no liability and strict liability are not …

the case with toxic torts. Risk aversion and ambiguity aversion tend to have a similar impact on optimal liability rules … liability dominates negligence when the injurer has lower degrees of risk and ambiguity aversion than the victim and can … standard risk and ambiguity. Ambiguity arises when the causal link between conduct and harm is not univocal, as is frequently …

-bearing and insurance, for the liability system acts as an implicit insurer for accident victims and it imposes risk on potential …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 …

We analyze liability rules in a setting where injurers are potentially insolvent and where negligence standards may … deviate from the socially optimal level. We show that proportional liability, which sets the measure of damages equal to the … negligence-based rules. Moreover, proportional liability outperforms strict liability if the standard of due care is not set too …

this essay, we provide an overview of the economic approach to tort law, analyzing the effects of liability rules on care … incentives. We catalogue a variety of possible tort regimes, systematically breaking down possible assignments of liability in …

critically examine the role of exemplary damages in civil liability jurisprudence. Scope of the paper is limited to discuss in … detail about the concept of exemplary damages in tortious liability and its applications in India, The UK and in the USA …