This paper discusses the liability of damage resulting from the use of genetically modified organisms from an economic perspective. A distinction is made between the prevention and compensation goals of liability rules. The paper distinguishes the situation where victim and tort feasor stand in...

The paper will be structured as follows: after an introduction, an historical overview of the use of financial caps in maritime law will be provided. Next, the caps in the international conventions on oil pollution damage will be described on the basis of an analysis of their legal history and...

The paper is a chapter in the book Economic Analysis of Law in China. This book comprises contributions on recent developments in China from a law and economics perspective. For the first time Chinese and European scholars jointly discuss some important attributes of China's legal and economic...

This paper contains the concluding observations to the book Shifts in Compensation for Environmental Damage, Tort and Insurance Law. In many countries, various shifts have taken place between private and public funding regarding environmental damage compensation. This book deals with these...

This paper is a chapter in the book Shifts in Compensation for Environmental Damage, Tort and Insurance Law. In many countries, various shifts have taken place between private and public funding regarding environmental damage compensation. This book deals with these shifts. It critically...

From an economic perspective tort law is to serve two important functions: deterrence of wrongdoers and victim compensation. We can easily construct examples of torts leading to small and widespread harm for which it is questionable whether a rational victim will initiate an individual lawsuit....