strict liability rule for railway accidents by the Prussian Railway Law in 1838. This was a complete break with the whole … in the present-day broad diffusion of the liability rule in the German tort law. …

When communicating numeric estimates with policymakers, journalists, or the general public, experts must choose between … using numbers or natural language. We run two experiments to study whether experts strategically use language to communicate … policymakers. When experts face incentives to directionally persuade instead of incentives to accurately inform receivers, they are …

Decision makers lacking crucial specialist know-how often consult with better informed but biased experts. In our model …, and to situations with multiple experts and uncertainty about the size of the expert's bias. …

We introduce the notion of verifiable information into a model of sequential debate among experts who are motivated by … career concerns. We show that self-censorship may hamper the efficiency of information aggregation, as experts withhold … phenomenon, and the probability of the correct state of the world being revealed always converges to one as the group of experts …

comparative negligence rule splits liability between negligent parties according to each party’s degree of fault, it makes the …. In the extension we analyze various negligence-based liability rules, and tax rules, as instruments for mitigating the …

While various liability rules of tort law provide efficient incentives to invest, breach remedies of contract law are …