literature Mainland China English summary

Law and Economics Analysis of the Limited Liability System

有限责任制度的法经济学分析

Uses law-and-economics analysis to evaluate the functions and limits of limited liability.

Brief English Introduction

This article analyzes limited liability through economic efficiency, risk allocation, and institutional limits. It helps students see limited liability as a design choice rather than a natural rule.

Teaching Notes

Use it together with veil-piercing materials to ask when economic benefits justify shifting risk to creditors or tort victims.