Legal liability for accidents determines the circumstances under which injurers must compensate injurers for harm. The effects of liability on incentives to reduce risk, on risk-bearing and insurance (both direct coverage for victims and liability coverage for injurers), and on administrative expenses are considered. Liability is also compared to other methods of controlling harmful activities,...

In his recent article, “Liability Rules When Injurers as Well as Victims Suffer Losses,“’ Avon Leong examines the question whether the standard liability rules-pure negligence, negligence with contributory negligence, pure strict liability and strict liability with contributory negligence-can be used to induce efficient care-taking by individuals in those circumstances where both injurers’ and ...

This paper examines how legal standards of liability may apply to geologic carbon storage. The liability regime governing geologic carbon storage will shape the technology’s cost-effectiveness and overall attractiveness. We classify potential sources of liability into operational, in situ, and climate liability. As a first step, we explore in situ liability in the United States. After summarizi...