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Giuseppe Dari-Mattiacci
''Limiting Limited Liability''
( 2006, Vol. 11 No.1 )
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.
JEL: K1 - Basic Areas of Law: General (Constitutional Law)
Manuscript Received : May 12 2006 Manuscript Accepted : Jun 14 2006

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