On Public Host Liability

Jeong-Yoo Kim

Asian Journal of Law and Economics, 2015, vol. 6, issue 2, 283-292

Abstract: Civil laws or commercial laws in many countries stipulate the liability of the public host whereby a public host is liable for the losses due to damage or lost of the property of the guest left to the host. In this paper, we consider the situation in which the value of the property is ex ante not known to the host. In this case, we show that the voluntary information disclosure rule is more efficient than the mandatory information disclosure rule. We also derive some implications on Article 153 of the Korean Commercial Law prescribing for this case.

Keywords: commercial law; information disclosure; public host liability (search for similar items in EconPapers)
Date: 2015
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DOI: 10.1515/ajle-2015-0011

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