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A basic principle of law is that damages paid by a liable party should equal the harm caused by that party. However, this principle is not correct when account is taken of litigation costs, because they too are part of the social costs associated with an injury. In this article we examine the...
Persistent link: https://www.econbiz.de/10013096854
the effect of liability rules on compensation of victims and the allocation of risk. In this regard a central issue is the …
Persistent link: https://www.econbiz.de/10013105846
A basic principle of law is that damages paid by a liable party should equal the harm caused by that party. However, this principle is not correct when account is taken of litigation costs, because they too are part of the social costs associated with an injury. In this article we examine the...
Persistent link: https://www.econbiz.de/10013089704
the effect of liability rules on compensation of victims and the allocation of risk. In this regard a central issue is the …
Persistent link: https://www.econbiz.de/10013221850