Die Eurorettungsmechanismen können bei einem Ausfall von Euroländern dazu führen, dass Deutschland weitaus stärker …The overall risk to be borne by Germany in case of further bailouts financed through the EFSF and ESM remains an … intriguing question. The German Constitutional Court’s preliminary ruling on 12 September 2012, capping Germany’s ESM risk …

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 …

) defensive actions permitted by tort doctrine? To address these questions I will build on the property and liability rules … rules are socially preferable to liability rules in low transaction cost settings, because they obviate costly defensive …

This paper presents a largely positive analysis of products liability law, in the sense that it aims to predict the … liability law that should be reformed. In contrast with the prevailing law and economics literature suggesting that products … liability law reduces social welfare, I argue that the law probably improves social welfare, though it is in need of reform in …