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and derive empirical analogs of the price effects and choice distortions identified by theory. We find that price effects …
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and derive empirical analogs of the price effects and choice distortions identified by theory. We find that price effects …
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Car owners are liable for property damage inflicted on other motorists. In most countries such liability must be insured by law. That law may favor expensive or heavy vehicles, prone to suffer or inflict large losses. This paper explores links between liability rules and vehicle choice. It...
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