Proponents of environmental policies based on liability assert that strict liability imposed on polluters induces firms to handle hazardous wastes properly. We run regressions relating unintended pollution releases to strict liability imposed on polluters, exploiting variation across states and over time in the liability provisions of state mini-Superfund laws. Strict liability reduces the freq...

economic analysis of law is a new approach in law that emerged in the early 1960's and its main purpose is managing the rules of the legal system in a way to achieve economic efficiency. this approach has been influential in all the areas of law including the law of civil liability and follows to set up the compensation system based on some principles to minimize the costs resulting from damage...

I show below that, contrary to what is widely accepted, in situations of unilateral care a rule of strict liability is not optimal. The difference between my results and previous ones follows from my consideration of the victim’s rational behavior. JEL number: K13 (Tort Law and Product Liability). * I would like to thank Dan Orr and Tom Ulen for helpful comments on earlier drafts. Of course, re...

the owner of the aircraft or the enterprise which benefits from its use or operation may have civil liability for injuries to persons or property on the land or water or in the sky. regarding this liability many questions can be raised: who is the responsible person and what are the harmful acts and damages which can be resulted from using aircraft and how can harmonize the property rights of p...