In the mainstream of law and economics the notion of negligence is defined as the failure to take at least the legally specified due care level. In the standard tort model, with this notion of negligence, the efficient liability rules are characterized by the condition of negligence liability,...

This paper investigates the structure of incremental liability rules. Necessary and sufficient conditions are derived for an incremental liability rule to be efficient. A liability rule, in the ordinary sense of the term, to be called a standard liability rule, is a rule which specifies the...

The three versions of the negligence rule discussed in the literature differ regarding whether a negligent injurer is liable for the entire loss or only for the incremental loss; or regarding whether negligence is defined as failure to take at least due care or failure to take a cost-justified...

Economic analysis of law has been preoccupied by considerations of efficiency and often regards values and individual preferences to be independent of social institutions. This volume analyses the flaws in such an approach by pointing out the incommensurability of fundamental societal values in...

Although substantial research has been conducted on informal consumption smoothing mechanisms within villages, or within social clusters such as family and friends, few studies have compared the effects of these spatial and social networks. Employing spatial panel econometric models, this study...

How far can new technologies taught to a small number of selected farmers diffuse to other farmers in a village? In order to answer this question, this paper investigates the impact of JICA training on the adoption of rice cultivation technologies and productivity in an irrigation scheme in...

“Human security” has occupied a significant place in the global discourses of peace, development, and diplomacy, despite often made criticisms of its conceptual ambiguity. Arguing for the merit of a broader definition of human security, i.e. “the right of people to live in freedom and...

South Korea is one of the newest members to join the OECD’s Development Assistance Committee, and its ascendance was touted as an exemplary case of a recipient-turned-donor, which is a rarity in world history. In particular, South Korea’s rise to an advanced industrialized nation came in the...