This paper studies the entire class of liability rules,
and considers the bilateral care accidents. It is shown that the ‘causationconsistent’ liability provides a basis for an efficiency characteriz...
On 19 Aug 2016 This paper focuses on two issues: the problems with the compulsory acquisition of land, and the regulatory and institutional impediments that obstruct voluntary land transactions. It is argued that an...
On 19 Jan 2012 In standard models dealing with liability rules, generally, the proportion of accident loss a party is
required to bear does not depend upon the 'causation' - the extent to which the care or lack of...
On 17 Sep 2010 The aim of this paper is to study the effects of court errors in estimating the harm,
on the parties' behaviour regarding the levels of care they take, and their decision to buy the information about...
On 17 Nov 2009 Various issues related to delays and cost overruns in publically funded infrastructure projects are investigated. The study is based on, by far, the largest data-set of 850 projects across seventeen i...
On 11 Nov 2009 The first objective of this paper is to contribute to the debate regarding the desirability of the sharing of liability for the accident loss. The second objective is to
extend the efficiency analysi...
On 08 Oct 2008 For liability rules to be efficient, it is important to take into account the full losses suffered by the victims, while deciding on the amount of damage to be paid by the injurers to the victims. Whi...
On 19 Aug 2008 Risky products cause two types of costs for society; the accident costs and the
insurance costs. Liability rules allocate these costs between the parties involved. The expansion in the scope of produ...
On 14 Apr 2008 |