Deffains, Bruno; Demougin, Dominique - In: International Review of Law and Economics 28 (2008) 2, pp. 106-112
In an environment where the optimal level of care is unknown, we ask, under a state-of-the-art defense, which method is better able to induce parties to undertake optimal care. Assuming courts can see a noisy signal of research activities undertaken by a defendant and by some of its competitors,...
