In the economic analysis of liability law, information about accident risk and how it can be influenced by precautions … is commonly taken for granted. However, a profound understanding of the relationship between care and accident risk often … strict liability and negligence, showing that liability law may not induce efficient incentives. …

percent of mean income. In this paper we use economic theory to determine the relation between the appropriate make …

define what distribution of wealth and income we consider desirable (just). Author focuses on the field of accident law and …

economic theory to address this issue. We find that the relation between the appropriate compensation and the mean and median …

percent of mean income. In this paper we use economic theory to determine the relation between the appropriate make …

percent of mean income. In this paper we use economic theory to determine the relation between the appropriate make …

economic theory to address this issue. We find that the relation between the appropriate compensation and the mean and median …

involved in the accident situation: victims and injurers were assumed to base their decision on e.g. the care levels to adopt … level to be followed by a defendent in a tort case and e.g. to abstain from ex post knowledge, i.e. after the accident … accident law have not been identified. That is precisely what this article aims to do. First, a few examples are presented of …

This is a survey of legal liability for accidents. Three general aspects of accident liability are addressed. The first …-bearing and insurance, for the liability system acts as an implicit insurer for accident victims and it imposes risk on potential …' liability insurance are taken into account. The third general aspect of accident liability is its administrative expense …

unilateral harm (where all accident losses are borne by the victim), none of the standard tort liability rules induces socially … and victims that operates through the effects of each on the expected accident loss. This paper considers situations in … which each party's precaution affects not only expected accident loss, but also directly affects the other party's cost of …