On Optimal Legal Change, Past Behavior, and Grandfathering [PDF]
When is it socially advantageous for legal rules to be changed in the light of altered circumstances? In answering this basic question here, a simple point is developed -- that past compliance with legal rules tends to reduce the social advantages of ...
Steven Shavell
core
Limited Liability, Asymmetric Taxation, and Risk Taking - Why Partial Tax Neutralities can be Harmful [PDF]
We examine the combined effects of asymmetric taxation and limited liability on optimal risk taking of investors. Given an optimal risk level in the pre-tax case under full liability, loss-offset restrictions reduce, and limited liability enhances the ...
Rainer Niemann, Ralf Ewert
core
Modeling the Choice Between Regulation and Liability in Terms of Social Welfare [PDF]
Using a formal political economy model with incomplete information regarding the accident preventing activities chosen by the firm (moral hazard) under limited liability, we illustrate different conditions under which an environmental protection system ...
Donatella Porrini, Marcel Boyer
core
, 2015 Matters involving environmental liability have been widely recognized in many discussions on environmental issues. However, there is much confusion about the term ‘environmental liabilities’.
Zhao, Xiaobo, Zhang, Jianwei
core
Socially Optimal Liability Rules for Firms with Natural Monopoly [PDF]
It has been shown by Polinsky and Shavell that the strict liability rule is socially superior to the negligence liability rule when firms are injurers, strangers are victims, and accidents have a unilateral nature if prefect competition among firms ...
Atsushi Tsuneki
core
Economic Analysis of Litigation and the Legal Process [PDF]
This paper contains the chapters on litigation and the legal process from a general, forthcoming book, Foundations of Economic Analysis of Law (Harvard University Press, 2003). In chapter 17, I consider the basic theory of litigation. Here I describe the
Steven Shavell
core
The Ebola Vaccine, Iatrogenic Injuries, and Legal Liability. [PDF]
PLoS Med, 2015 Attaran A, Wilson K.
europepmc +1 more source
Accidental Death and the Rule of Joint and Several Liability [PDF]
Reforms to the Joint and Several Liability rule (JSL) are one of the most common tort reforms and have been implemented by most US states. JSL allows plaintiffs to claim full recovery from one of the defendants, even if that defendant is only partially ...
Janet Currie +2 more
core
From Criminal Liability to Patient Safety: The Possible Impact of the Italian 2025 Reform Proposal on Senior Healthcare Leadership and Clinical Risk Management. [PDF]
Healthcare (Basel)La Micela S +7 more
europepmc +1 more source
Towards Protecting the Injured Party from Errors and Hallucinations of Artificial Intelligence: A Contemporary Legal Perspective. [PDF]
F1000ResAbouhaiba N, Khouli SA, Khater M.
europepmc +1 more source