SPAETER, Sandrine; JACOB, Julien - Bureau d'Économie Théorique et Appliquée (BETA), … - 2014
unlimited liability than under limited liability. We show how an adequate tax policy increases this percentage. We also … than the other one. The total potential level of damage increases with the level of activity. We show that, under limited … liability, technological change is welfare improving and leads to full risk internalization when the firms are sufficiently …