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Accident law : an excessive standard may be efficient
Goerke, Laszlo - 2001
In a world with risk-neutral agents, liability rules will only induce efficient behaviour if these rules impose the … are not related to the occurrence of an accident. Such a mechanism requires individuals to violate the standard of care in …
Persistent link: https://www.econbiz.de/10011408443
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Compensation for loss of work income in personal injury cases
Danziger, Leif; Katz, Eliakim - 2017
economic theory to address this issue. We find that the relation between the appropriate compensation and the mean and median …
Persistent link: https://www.econbiz.de/10011688166
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Compensation in personal injury cases : mean or median income?
Danziger, Leif; Katz, Eliakim - 2019
percent of mean income. In this paper we use economic theory to determine the relation between the appropriate make …
Persistent link: https://www.econbiz.de/10012033224
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Rules of proof, courts, and incentives
Demougin, Dominique (contributor); Fluet, Claude (contributor) - 2007
Persistent link: https://www.econbiz.de/10003498654
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Preponderance of evidence
Demougin, Dominique; Fluet, Claude - 2002
This paper analyzes the incentive properties of the standard and burden of proof for a finding of negligence, when evidence is imperfect and rests with the parties. We show that the preponderance of evidence' standard provides maximal incentives to exert care. This holds even though litigants...
Persistent link: https://www.econbiz.de/10011409967
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Controlling product risks when consumers are heterogeneously overconfident : producer liability vs. minimum quality standard regulation
Baniak, Andrzejj; Grajzl, Peter - 2014
, we contrast producer liability and minimum quality standard regulation as alternative means of social control of product … relative desirability of strict liability vis-à-vis minimum quality standard regulation from a social welfare standpoint. We … also clarify when and why joint use of strict liability and minimum quality standard regulation welfare dominates the …
Persistent link: https://www.econbiz.de/10010413791
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Spite in litigation
Mill, Wladislaw; Stäbler, Jonathan - 2023
This paper studies how litigation and settlement behavior is affected by agents motivated by spiteful preferences under the American and the English fee-shifting rule. We conduct an experiment and find that litigation expenditures and settlement requests are higher for more spiteful...
Persistent link: https://www.econbiz.de/10013555697
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Speed limit enforcement and road safety
Bauernschuster, Stefan; Rekers, Ramona - 2019 - This version: December 2019
We study the impact on road safety of one-day massive speed limit monitoring operations (SLMO) accompanied by media campaigns that announce the SLMO and provide information on the dangers of speeding. Using register data on the universe of police reported accidents in a generalized...
Persistent link: https://www.econbiz.de/10012156382
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Digital piracy : theory
Belleflamme, Paul; Peitz, Martin - 2010
This article reviews recent theoretical contributions on digital piracy. It starts by elaborating on the reasons for intellectual property protection, by reporting a few facts about copyright protection, and by examining reasons to become a digital pirate. Next, it provides an exploration of the...
Persistent link: https://www.econbiz.de/10008698398
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It is a theft but not a crime
Balestrino, Alessandro (contributor) - 2007
Persistent link: https://www.econbiz.de/10003499557