
handle: 11245/1.346252 , 10419/86625
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.
K13, 330, L59, ddc:330, insolvency, K32, liability cap, insolvency; judgment proof; liability; bankruptcy; liability cap, bankruptcy, liability, judgment proof, jel: jel:K1, jel: jel:K13, jel: jel:K32, jel: jel:L59
K13, 330, L59, ddc:330, insolvency, K32, liability cap, insolvency; judgment proof; liability; bankruptcy; liability cap, bankruptcy, liability, judgment proof, jel: jel:K1, jel: jel:K13, jel: jel:K32, jel: jel:L59
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