Unlimited carrier's liability

Banking Regulation and Financial Accelerators: A One-Period Model with Unlimited Liability

In this paper, we analyze the consequences of bank regulation on the size of the real sector. In particular, we address the question whether exogenous shocks on the return-risk characteristics of the technology and on the equity of the real sector are intensified or damped by a value-at-risk constraint on the credit portfolio of a bank. We consider a one-period model with three risk-averse agen...

Distrib Unlimited

Darwin unlimited

The largest collection of Darwin's writings ever published appeared last month on the website The Complete Works of Charles Darwin Online (http://darwin-online.org.uk). Never before has so much Darwin material, and so many rare and widely dispersed items, been brought together in one place and made available free of charge. The site currently offers more than 50,000 pages of searchable text and...

Power Unlimited

How (else) do physicians respond to malpractice liability? Physician home values in states with unlimited homestead exemptions

In this paper we test whether physicians respond to policies that allow them to protect themselves from the financial risk of malpractice. We test whether physicians take advantage of provisions of bankruptcy laws and adjust the value of their home purchases to increase their protection from liability claims that exceed their policy limits. The hypothesis is that in states with unlimited “homes...