Liability and Large-Scale, Long-Term Hazards
Bibliographic Data
| ID | 10173643 |
|---|---|
| Authors | Al H Ringleb, Steven N Wiggins |
| Year | 1990 |
| Volume | 98 |
| Issue | 3 |
| Pages | 574-595 |
| Publication date | 1990-06-01 |
| Peer Reviewed | Yes |
| Open Access | No |
| Type | ARTICLE |
| Venue | Journal of Political Economy (JOURNAL) |
| Journal identifiers | ISSN: 0022-3808 • E-ISSN: 1537-534X |
| Publisher | University of Chicago Press (PUBLISHER • US) |
| DOI | 10.1086/261695 |
| OpenAlex | W1991039401 |
| Language | EN |
| Citations received | 12 |
| References cited | 4 |
This paper analyzes the application of liability to large-scale, long-term hazards. The key features distinguishing such hazards are the long temporal separation between exposure to a hazard and disease, and the large damages when injuries finally emerge. The large scale of damages creates a strong incentive to avoid liability payments and the long temporal separation creates numerous avenues through which parties can avoid paying possible damage awards. The analysis focuses on the incentive to avoid paying damages by vertically divesting production tasks associated with serious occupations risks. The paper then presents an empirical regression analysis of small-firm entry into the U.S. economy between 1967 and 1980. Copyright 1990 by University of Chicago Press
Actuarial science · Bankruptcy · Business · Damages · Divestment · Economics · Incentive · Labour economics · Liability · Microeconomics · Payment · Severance · Finance · Insurance and Financial Risk Management · Law · Law, Economics, and Judicial Systems · Medical Malpractice and Liability Issues
Lender Penalty for Environmental Damage and the Equilibrium Cost of Capital
Innovating safely
Environmental liability and product differentiation
Accidents Waiting to Happen
Contours of Employment Protection Reform
Equity and information
On being asset-constrained in litigation contests
Are Subsidiaries More Prone to Pollute? New Evidence from the EPA's Toxics Release Inventory
Formal and Real Authority in Organizations
Fines, Appeals and Liability in Public Enforcement with Stochastic Damage and Asymmetric Information
The Organization of Neglect
Environmental Costs and Benefits of Genetically Modified Crops
| Unique citing works | 12 |
|---|---|
| Citations per year | 0.4 |
| Citation span | 1996 - 2025 (30) |
| Citation velocity | recent |
| Highly cited | No |
| Citation types | Neutral: 11 |