Template-Type: ReDIF-Paper 1.0
Series: Tinbergen Institute Discussion Papers
Creation-Date: 2006-08-09
Number: 06-070/1
Author-Name: Guiseppe Dari-Mattiacci
Author-Email: gdarimat@uva.nl
Author-Workplace-Name: ACLE, Universiteit van Amsterdam, and George Mason University, Arlington, Virginia, USA
Title: Limiting Limited Liability
Abstract: 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.
Classification-JEL: K13; K32; L59
Keywords: insolvency; judgment proof; liability; bankruptcy; liability cap
File-Url: https://papers.tinbergen.nl/06070.pdf
File-Format: application/pdf
File-Size: 208280 bytes
Handle: RePEc:tin:wpaper:20060070