Economic Efficiency, Distributive Justice and Liability Rules

The main purpose of this paper is to show that the conflict between the considerations involving economic efficiency and those of distributive justice, in the context of assigning liability, is not as sharp as is generally believed to be the case. The condition of negligence liability which characterizes efficiency in the context of liability rules has an all-or-none character. Negligence liability requires that if one party is negligent and the other is not then the liability for the entire accident loss must fall on the negligent party. Thus within the framework of standard liability rules efficiency requirements preclude any non-efficiency considerations in cases where one party is negligent and the other is not. In this paper it is shown that a part of accident loss plays no part in providing appropriate incentives to the parties for taking due care and can therefore be apportioned on non-efficiency considerations. For a systematic analysis of efficiency requirements, a notion more general than that of a liability rule, namely, that of a decomposed liability rule is introduced. A complete characterization of efficient decomposed liability rules is provided in the paper. One important implication of the characterization theorems of this paper is that by decomposing accident loss in two parts, the scope for distributive considerations can be significantly broadened without sacrificing economic efficiency.Tort Law, Liability Rules, Decomposed liability Rules, Efficient Rules, Nash Equilibria, Negligence Liability, Distributive Justice

Method of producing high T(subc) superconducting NBN films

Thin films of niobium nitride with high superconducting temperature (T sub c) of 15.7 K are deposited on substrates held at room temperature (approx 90 C) by heat sink throughout the sputtering process. Films deposited at P sub Ar 12.9 + or - 0.2 mTorr exhibit higher T sub c with increasing P sub N2,I with the highest T sub c achieved at P sub n2,I= 3.7 + or - 0.2 mTorr and total sputtering pressure P sub tot = 16.6 + or - 0.4. Further increase of N2 injection starts decreasing T sub c

Absence of Nonlocal Counter-terms in the Gauge Boson Propagator in Axial -type Gauges

We study the two-point function for the gauge boson in the axial-type gauges. We use the exact treatment of the axial gauges recently proposed that is intrinsically compatible with the Lorentz type gauges in the path-integral formulation and has been arrived at from this connection and which is a ``one-vector'' treatment. We find that in this treatment, we can evaluate the two-point functions without imposing any additional interpretation on the axial gauge 1/(n.q)^p-type poles. The calculations are as easy as the other treatments based on other known prescriptions. Unlike the ``uniform-prescription'' /L-M prescription, we note, here, the absence of any non-local divergences in the 2-point proper vertex. We correlate our calculation with that for the Cauchy Principal Value prescription and find from this comparison that the 2-point proper vertex differs from the CPV calculation only by finite terms. For simplicity of treatment, the divergences have been calculated here with n^2>0 and these have a smooth light cone limit.Comment: 17 pages; 3 figures drawn using feyn.st