Journal ArticleDOI
The development of care technology under liability law
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TLDR
In this paper, the authors extended the traditional theorem from its static context to an intertemporal setting where tort law induces progress in care technology and provided a methodological framework for a general analysis of the dynamic incentives generated by alternative liability rules.About:
This article is published in International Review of Law and Economics.The article was published on 2006-12-01. It has received 52 citations till now. The article focuses on the topics: Strict liability & Tort.read more
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Journal ArticleDOI
Strict liability versus negligence
TL;DR: In this paper, the authors compare the effects of different liability regimes and examine the allocative effects resulting from the application of different regimes, focusing on the question of whether the outcome under a specific liability regime is efficient or not.
Journal ArticleDOI
Incentives to diffuse advanced abatement technology under environmental liability law
TL;DR: In this article, the authors show that incentives for diffusion are socially optimal under strict liability and socially suboptimal under negligence if technical change lowers marginal abatement costs for all levels of pollution.
Journal ArticleDOI
“It’s All in the Mix!”- Internalizing externalities with R&D subsidies and environmental liability
TL;DR: The joint use of environmental liability law and R&D subsidies to internalize the double externality is analyzed and a non-discriminatory double negligence rule can even dominate a (simple as well as double) negligence rule with type-specific norms and compliance-contingent type- specific subsidies.
Journal ArticleDOI
Environmental liability under uncertain causation
TL;DR: In this article, the second best optimal standards of proof in a model where benefits of risky activities are private information, and where the firm's care level chosen to avoid the damage is only imperfectly observable are analyzed.
Journal ArticleDOI
Innovative negligence rules
TL;DR: In this paper, the authors study how due care standards should be conditioned on the technology adopted by the parties in order to improve adoption decisions and demonstrate that standards should either be biased upward or downwards, depending on whether the new technology reduces or increases expected harm.
References
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Book ChapterDOI
The Economic Implications of Learning by Doing
TL;DR: It is by now incontrovertible that increases in per capita income cannot be explained simply by increases in the capital-labor ratio as mentioned in this paper, and that knowledge is growing in time.
Book
Law and Economics
Robert D. Cooter,Thomas Ulen +1 more
TL;DR: In this paper, an Introduction to Law and Economics is presented, along with a review of Microeconomic Theory and its application in the Law and Legal Process, and an economic theory of the legal process.
Journal ArticleDOI
Environmental policy and technological change
TL;DR: The relationship between technological change and environmental policy has received increasing attention from scholars and policy makers alike over the past ten years as discussed by the authors, partly because the environmental impacts of social activity are significantly affected by technological change, and partly because environmental policy interventions themselves create new constraints and incentives that affect the process of technological developments.