consumption. Product liability laws may serve as efficient means to induce socially optimal levels of care or may efficiently … are often not considered in the standard liability economics model that yields these prescriptions: dose-response damage … efforts under different liability rules when both processor and consumer affect damages. Dose-response damage functions yield …

This paper examines the role of liability for past environmental contamination in the privatization processes of …

professional liability insurance system for the supervision engineer has yet to be established. The implementation of a … professional liability insurance for the supervision engineer in China is suggested. The range of issues cover the professional … liabilities and typical professional faults of the supervision engineer, the scope of the insurance liability, exclusions …

terms of control and income rights. Important factors are (limited) liability, risk-bearing costs, transaction costs, and …

determinants for efficiency in credence goods markets. While theory predicts that either liability or verifiability yields … efficiency, we find that liability has a crucial, but verifiability only a minor effect. Allowing sellers to build up reputation … higher efficiency as long as liability is violated.<p> …

liability. When injurers differ in their costs of care, however, this leads to distortions in their care choices. This paper …. The principal features of the rule are (1) the due standard of care is maximal, and (2) liability increases gradually as … injurers depart further from this standard. The results are broadly consistent with the gradation in liability under certain …

. However, the literature has not analysed which liability rule and insurance schemes are efficient for radical uncertainty … gives an overview of economic literature regarding product safety and liability, and stresses the lack of research on … by a contribution of sewage sludge producers. Section 3 examines to what extent the strict liability rule is efficient …