Minimum Asset and Liability Insurance Requirements on Judgment-Proof Individuals When Harm Is Endogenous
نویسندگان
چکیده
منابع مشابه
Minimum asset requirements and compulsory liability insurance as solutions to the judgment-proof problem
Minimum asset and liability insurance requirements must often be met in order for parties to participate in potentially harmful activities. Such financial responsibility requirements may improve parties’ decisions whether to engage in harmful activities and, if so, their efforts to reduce risk. However, the requirements may undesirably prevent some parties with low assets from engaging in activ...
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ژورنال
عنوان ژورنال: SSRN Electronic Journal
سال: 2016
ISSN: 1556-5068
DOI: 10.2139/ssrn.2842491