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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 25. Economic Analysis of Law
Kaplow, Louis; Shavell, Steven - In: Handbook of public economics : volume 3, (pp. 1661-1784). 2002
covered. The first is legal liability for harm. Here we discuss liability rules as incentives to reduce risk, issues of risk …
Persistent link: https://www.econbiz.de/10014024839