A liability allocation game

A Competitive Rate Allocation Game

We introduce a competitive rate allocation game in which two receivers compete to forward the data from a transmitter to a destination in exchange for a payment proportional to the amount of forwarded data. At each time slot the channel from the transmitter to each receiver is an independent random variable with two states, high or low, affecting the amount of data that can be transmitted. Rece...

The Allocation of Liability: Why Financial Intermediation?

The paper proposes that the organization of …nancial markets is decided by the allocation of the liability to repay investors. Based on the liability allocation, the paper examines all possible modes of organizing …nance and monitoring in an economy a la Townsend (1979). The equilibrium mode is either Financial Intermediation (FI) where the monitor alone takes the liability, or Conglomeration w...

Transaction Costs, Resource Allocation and Liability Rules: A Comment

How to share joint liability: A cooperative game approach

Sharing a damage that has been caused jointly by several tortfeasors is analyzed from a normative point of view. We show how a damage can be apportioned on two distinct basis, causation and degree of misconduct. Our analysis uses the concept of potential damage on the basis of which we define a transferable utility game. Its core defines acceptable judgments as allocations of the total damage a...

Law Enforcement; a Function of Criminal Liability or Civil Liability

Despite the fact that in investigations and legal writings enough consideration has been paid to the founding principles and rules governing civil and criminal liability as well as damages of crime, the legal or disciplinary responsibility accompanying these two types of legal responsibilities has not been taken seriously into account and the people involved it - in particular, the authorities ...