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This is a survey of legal liability for accidents. Three general aspects of accident liability are addressed. The first … is the effect of liability on incentives, both whether to engage in activities (for instance, whether to drive) and how …-bearing and insurance, for the liability system acts as an implicit insurer for accident victims and it imposes risk on potential …
Persistent link: https://www.econbiz.de/10014023514
The primary causal requirement that must be met for a negligent party to be held liable for a harm is a demonstration that the harm would not have occurred if the party had not been negligent. Thus, for a speeding driver to be found liable for harm done in a car accident, it must be shown that...
Persistent link: https://www.econbiz.de/10014287320
Judgment proof injurers can be expected to take less than optimal precaution, as they bear only a part of the accident loss. However, it has been showed that under certain conditions the judgment proof problem can lead to overprecaution. We argue that overprecaution can never occur in magnitude...
Persistent link: https://www.econbiz.de/10005086892
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I then develop a theory to explain the principles of discipline as functional for parents. The kernel of the theory is …After elaborating the theory, I comment on several related issues, including the possible influence of childhood …
Persistent link: https://www.econbiz.de/10014248008
In this essay, we discuss empirical research on the economic effects of the civil justice system. We discuss research on the effects of three substantive bodies of law—contracts, torts, and property—and research on the effects of the litigation process. We begin with a review of studies of...
Persistent link: https://www.econbiz.de/10014023511
To explore damage rules’ deterrent effect, we use a public good experiment to tailor allowable punishment to rules used in actual civil litigation. The experimental treatments are analogous to: (1) damages limited to harm to an individual litigant, (2) damages limited to harm to a group...
Persistent link: https://www.econbiz.de/10009521585
Previous empirical studies of the incentive effects of medical malpractice liability have largely ignored the … explanations for why branding units is likely to increase expected tort liability). In addition to extending the empirical …
Persistent link: https://www.econbiz.de/10010411427
workplace safety levels. After developing the economic theory of how labor and product markets pair prices and health risks we … then explain the effects of the relevant government policies, including information, tort liability laws, direct regulation …
Persistent link: https://www.econbiz.de/10014025523