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https://doi.org/10.1016/0165-1765(93)00329-m
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Cite Journal: Economics Letters |  Publication Date: Jan 1, 1994 |
Affiliation: Purdue University West Lafayette
If the product is information, a strict liability rule is never efficient while a negligence rule sometimes is; nevertheless, in some cases society is better off with a strict liability rule. First best actions can only be determined given the set of feasible judicial/regulatory institutions.
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