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A Fundamental Enforcement Cost Advantage of the Negligence Rule over Regulation
Shavell, Steven - 2014
Regulation and the negligence rule are both designed to obtain compliance with desired standards of behavior, but they differ in a primary respect: compliance with regulation is ordinarily assessed independently of the occurrence of harm, whereas compliance with the negligence rule is evaluated...
Persistent link: https://www.econbiz.de/10013065488
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Chapter 6 The Theory of Public Enforcement of Law
Polinsky, A. Mitchell; Shavell, Steven - In: Handbook of law and economics : volume 1, (pp. 403-454). 2007
This chapter surveys the theory of the public enforcement of law—the use of governmental agents (regulators, inspectors … apprehending violators? A variety of extensions of the central theory are then examined, including: activity level; errors; the …
Persistent link: https://www.econbiz.de/10014023510
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Chapter 2 Liability for Accidents
Shavell, Steven - In: Handbook of law and economics : volume 1, (pp. 139-182). 2007
much care to exercise (at what speed to travel) to reduce risk when so doing. The second general aspect concerns risk …-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