The question of how effective protection against environmental impairment can be provided has spawned much literature. One instrument that is often invoked to provide compensation for environmental damage is insurance. Traditionally, a distinction is made between first and third party insurance....

We study a large-scale land titling reform implemented as a randomized control-trial to isolate its causal effects on litigation. The reform consisted of demarcating land parcels, registering existing customary rights, and granting additional legal protection to rightholders. We find that, ten...

Die vorliegende Untersuchung vergleicht die Entwicklung der Entschädigung für Opfer von Naturkatastrophen in Belgien und den Niederlande bis hin zum gegenwärtigen Stand der Dinge. In beiden Ländern ist es in den letzten Jahren zu Veränderungen in diesem Bereich gekommen, die hier aus Sicht...

While in many countries the liability of public authorities in negligence resembles the liability of ordinary persons quite well, several exceptions which shield public authorities from liability remain important. A policy consideration which often seems to be given weight is the risk of...

The purpose of this paper is to understand the incentive effects of existing compensation mechanisms in case of the bankruptcy of a financial institution. The paper uses insights of law and economics to predict the effects of compensation mechanisms on the incentives of depositors, financial...