The Judgment Proof Problem

@article{Shavell1986TheJP,
  title={The Judgment Proof Problem},
  author={Steven Shavell},
  journal={International Review of Law and Economics},
  year={1986},
  volume={6},
  pages={45-58}
}
  • S. Shavell
  • Published 1 June 1986
  • Law, Economics
  • International Review of Law and Economics
On the Judgment Proof Problem
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A firm is said to be judgment-proof if it can cause an accident and then skirt its environmental liabilities by pleading bankruptcy. Judgment-proofness is a public-policy problem because it saddles
Minimum Asset and Liability Insurance Requirements on Judgment-Proof Individuals When Harm Is Endogenous
Minimum asset requirements are an increasingly common form of regulation intended to motivate better decision making by individuals who participate in potentially harmful activities. Shavell (2005)
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