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Liability, Competition and Environmental Risk: Identical Agents, Different Behaviors

Author

Listed:
  • Mondello, G.
  • Soubeyran, A.

Abstract

In this paper we show that a strict liability fine, established on the marginal damages caused by production act as a mean to discriminate between firms. More precisely, facing a potential risk, understood as a random negative externality, "ex ante" identical rival firms playing on a competitive market may choose different risky and costly technologies.

Suggested Citation

  • Mondello, G. & Soubeyran, A., 1999. "Liability, Competition and Environmental Risk: Identical Agents, Different Behaviors," G.R.E.Q.A.M. 99a01, Universite Aix-Marseille III.
    • Handle: RePEc:fth:aixmeq:99a01
    as

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    More about this item

    Keywords

    UNCERTAINTY ; TECHNOLOGICAL CHANGE ; ENVIRONMENT ; LIABILITY;
    All these keywords.

    JEL classification:

    • K32 - Law and Economics - - Other Substantive Areas of Law - - - Energy, Environmental, Health, and Safety Law
    • C72 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory - - - Noncooperative Games
    • D43 - Microeconomics - - Market Structure, Pricing, and Design - - - Oligopoly and Other Forms of Market Imperfection
    • D81 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Criteria for Decision-Making under Risk and Uncertainty

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