For joint liability problems concerning tort law, a legal compensation scheme may be based on lower and upper bounds of …

For joint liability problems concerning tort law, a legal compensation scheme may be based on lower and upper bounds of …

Abstract: This paper introduces liability problems, as a generalization of bankruptcy problems, where every agent not …. Existence of these schemes is established and it is seen that within the class of hierarchical liability problems, such a … liability rules. For hierarchical liability problems an alternative characterization of such liability rules is provided …