In the theory of public enforcement of law the choice of the liability rules is between strict liability and fault …-based liability. In this paper, we study the determinants of compliance when in addition to standard economic incentives wrongdoers …

standard theory predicts no difference in behavior, we find that potential injurers invest substantially more money in accident …

This article surveys the theory of the public enforcement of law--the use of public agents (inspectors, tax auditors …, police prosecutors) to detect and to sanction violators of legal rules. We first present the basic elements of the theory …, focusing on the probability of imposition of sanctions, the magnitude and form of sanctions, and the rule of liability. We then …

This chapter surveys the theory of the public enforcement of law—the use of governmental agents (regulators, inspectors … imprisonment term, or a combination of the two? Should the rule of liability be strict or fault-based? If violators are caught only … apprehending violators? A variety of extensions of the central theory are then examined, including: activity level; errors; the …

This paper explores whether platform liability should be strict or negligence based. In the model, two-sided platforms …), the price charged to consumers is positive (zero). If the consumers’ price is positive, then both strict liability and … negligence lead to efficient precautions and consumer participation. If the price is zero, then strict liability stimulates more …

validators liable has a deterrent effect on non-compliant transactions and possible legal bases for enforcing such liability. It … is argued that such a liability has a deterrent effect and seems indispensable in a world of mainstream cryptocurrency …

In a world with risk-neutral agents, liability rules will only induce efficient behaviour if these rules impose the …