On the Existence and Efficiency of Equilibria Under Liability Rules
NBER Working Paper No. 12625
---- 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.