NATIONAL BUREAU OF ECONOMIC RESEARCH
NATIONAL BUREAU OF ECONOMIC RESEARCH
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On the Existence and Efficiency of Equilibria Under Liability Rules

Ram Singh

NBER Working Paper No. 12625
Issued in October 2006

---- Acknowledgments ----

I wish to thank National Bureau of Economic Research, Cambridge, MA, for institutional support. I am grateful to Lee Benham, David Friedman, Sebastian Galiani, Oliver Hart, Keith Hylton, John Nye, Thomas Miceli, Andrea Oseas, Stephen Ross, Allie Schwart, Andrei Shleifer, and seminar participants at Ronald Coase Institute, University of Connecticut and Harvard University for comments and helpful suggestions. Remaining errors are mine. The views expressed herein are those of the author(s) and do not necessarily reflect the views of the National Bureau of Economic Research.

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