In the economic analysis of liability law, information about accident risk and how it can be influenced by precautions … is commonly taken for granted. However, a profound understanding of the relationship between care and accident risk often … strict liability and negligence, showing that liability law may not induce efficient incentives. …

directly contrasts the intent of the Montreal Convention's creators, who wanted to limit carrier liability to foster the …

behavioural literature for liability law and insurance are discussed and a few concluding remarks address what the most important …

We consider the optimal liability rule in the case of accidents by fully autonomous vehicles. We show that when due … activity is not enforceable, it is socially optimal to apply the strict liability rule to the human operator who determines the … comparative negligence in the unilateral activity case. Under the joint and several liability rule, both the manufacturer and the …

the case with toxic torts. Risk aversion and ambiguity aversion tend to have a similar impact on optimal liability rules … liability dominates negligence when the injurer has lower degrees of risk and ambiguity aversion than the victim and can … standard risk and ambiguity. Ambiguity arises when the causal link between conduct and harm is not univocal, as is frequently …

In the law and economics literature liability is generally regarded as an instrument which provides potential … tortfeasors with incentives for optimal care taking. The question, however, arises whether liability can still provide those … of the art. After setting out the economic functions of liability rules and regulation the effects of missing information …

breach theory or the best risk bearer model. The conclusion is that in the Italian legal system there is a discipline that … could be considered as a form of “modified” efficient breach theory, according to which judges can decide to terminate …

In the law and economics literature the question of efficiency of liability rules has primarily been analyzed in the … liability with the defense of contributory negligence are efficient, the rules of no liability and strict liability are not …

In a world with risk-neutral agents, liability rules will only induce efficient behaviour if these rules impose the …