Feldman, Allan M.; Singh, Ram - Centre for Development Economics, Delhi School of Economics - 2008
necessary for efficiency. However we develop a liability rule, which we call the “super-symmetric rule,” that is both efficient … both parties are vigilant, and that is always responsive to increased care. Moreover, our super-symmetric rule divides … liability rule, which we call the
“super-symmetric rule,” that is both efficient and continuous, that is based on comparative …