Feldman, Allan M.; Singh, Ram - Centre for Development Economics, Delhi School of Economics - 2008
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1 INTRODUCTION
Tort liability rules determine how accident losses are distributed among the parties involved.
The …-symmetric rule has one more
feature that sets it off: Standard tort liability rules allocate total expected accident costs
between … liability rules, Nash
equilibrium, social costs, pure comparative vigilance, super-symmetric rule
JEL classification: K13, D61 …