Extensive literature has shown that assignment of liability for a single harm to multiple injurers undermines … precautions are often diluted. The dilution-of-liability concern has led theorists to propose sophisticated apportionment rules to … restore optimal incentives. This Article demonstrates, however, that shared liability also gives rise to the converse risk …

economics in the study of tort litigation institutions. Special attention is devoted to liability, litigation and tort reform …

This chapter reviews the theory of the voluntary public and private redistribution of wealth elaborated by economic … analysis in the last forty years or so. The central object of the theory is altruistic gift-giving, construed as benevolent … voluntary redistribution of income or wealth. The theory concentrates on lump-sum voluntary transfers, individual or collective …

What role does defensive conduct play in a utilitarian theory of tort law? Why are rational (as opposed to instinctive …) 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 …

In this paper, we seek to demonstrate that, in the case of the public administration's liability for the property in … its custody, the rule of strict liability which seems to be accepted by the Italian Civil Code can be justified in terms … of efficiency only if we are trying to allocate risks in an optimal manner. The strict liability of the public …