Jain, Satish - In: The Journal of International Trade & Economic Development 15 (2006) 3, pp. 359-373
In the mainstream of law and economics the notion of negligence is defined as the failure to take at least the legally … specified due care level. In the standard tort model, with this notion of negligence, the efficient liability rules are … of liability rules when the notion of negligence is defined as failure to take some cost-justified precaution. The main …