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Limiting Limited Liability

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Author Info
Guiseppe Dari-Mattiacci () (ACLE, Universiteit van Amsterdam, and George Mason University, Arlington, Virginia, USA)
Abstract

Limited liability may result in inefficient accident prevention, because a relevant portion of the expected harm is externalized on victims. This paper shows that under some restrictive conditions further limiting liability by means of a liability cap can improve caretaking.

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File URL: http://www.tinbergen.nl/discussionpapers/06070.pdf
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Publisher Info
Paper provided by Tinbergen Institute in its series Tinbergen Institute Discussion Papers with number 06-070/1.

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Date of creation: 09 Aug 2006
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Handle: RePEc:dgr:uvatin:20060070

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Web page: http://www.tinbergen.nl/

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Related research
Keywords: insolvency; judgment proof; liability; bankruptcy; liability cap;

Find related papers by JEL classification:
K13 - Law and Economics - - Basic Areas of Law - - - Tort Law and Product Liability
K32 - Law and Economics - - Other Substantive Areas of Law - - - Environmental, Health, and Safety Law
L59 - Industrial Organization - - Regulation and Industrial Policy - - - Other

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References listed on IDEAS
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
  1. Craswell, Richard & Calfee, John E, 1986. "Deterrence and Uncertain Legal Standards," Journal of Law, Economics and Organization, Oxford University Press, vol. 2(2), pages 279-303, Fall.
  2. Boyd, James & Ingberman, Daniel E., 1999. "Do punitive damages promote deterrence?1," International Review of Law and Economics, Elsevier, vol. 19(1), pages 47-68, March. [Downloadable!] (restricted)
  3. Dari-Mattiacci, Giuseppe & De Geest, Gerrit, 2006. "When will judgment proof injurers take too much precaution?," International Review of Law and Economics, Elsevier, vol. 26(3), pages 336-354, September. [Downloadable!] (restricted)
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This page was last updated on 2009-12-10.

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