We study whether it is socially desirable to hold a monopolistic firm liable for the harm its potentially judgment-proof consumers inflict on third parties. Consumers' judgment-proofness limits potential product differentiation by pooling different consumer types with uniform liability exposure....

In some applications to human beings, the precautionary principle seems to raise specific ethical concerns. For instance, it has been used to exclude men who have sexual relations with men from donating blood on the basis of a higher HIV prevalence in this group. Does not the precautionary...

In some applications to human beings, the precautionary principle seems to raise specific ethical concerns. For instance, it has been used to exclude men who have sexual relations with men from donating blood on the basis of a higher HIV prevalence in this group. Does not the precautionary...