liability rules on incentives to reduce accident risks. Then consideration of accident law is broadened (chapter 5) to reflect … the effect of liability rules on compensation of victims and the allocation of risk. In this regard a central issue is the … roles of victims' insurance and of liability insurance, and how they alter the incentives inherent in liability rules …

liability rules on incentives to reduce accident risks. Then consideration of accident law is broadened (chapter 5) to reflect … the effect of liability rules on compensation of victims and the allocation of risk. In this regard a central issue is the … roles of victims' insurance and of liability insurance, and how they alter the incentives inherent in liability rules …

This article studies a model of liability for automobile accidents in the coming world in which automobiles will be … autonomous. In that world, travelers will not be drivers, rendering liability premised on driver fault irrelevant as a means of … reducing accident dangers. Moreover, no other conventional principle of individual or of manufacturer liability would serve …

A "decoupled" liability system is one in which the award to the plaintiff differs from the payment by the defendant …

One of the principal results in the economic theory of liability is that, assuming litigation is costless, the rule of … strict liability with compensatory damages leads the injurer to choose the socially appropriate level of care. This paper … reexamines this result when litigation is costly. It is shown that strict liability with compensatory damages generally leads to …

quality of medical care is an extremely important determinant of deferdants' medical malpractice liability. More generally, we …