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A Fundamental Enforcement Cost Advantage of the Negligence Rule over Regulation

Shavell, Steven - 2012

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/10012460242

A Fundamental Enforcement Cost Advantage of the Negligence Rule over Regulation

Shavell, Steven - 2014

Persistent link: https://www.econbiz.de/10013065488

A Fundamental Enforcement Cost Advantage of the Negligence Rule Over Regulation

Shavell, Steven - 2012

Persistent link: https://www.econbiz.de/10013100136

Liability and the incentive to obtain information about risk

Shavell, Steven - In: The journal of legal studies 21 (1992) 2, pp. 259-270

Persistent link: https://www.econbiz.de/10001141139

Risk aversion and the desirability of attenuated legal change

Shavell, Steven - 2014

Persistent link: https://www.econbiz.de/10010237783

Minimum asset requirements and compulsory liability insurance as solutions to the judgment-proof problem

Shavell, Steven - 2004

harmful activities and, if so, their efforts to reduce risk. However, the requirements may undesirably prevent some parties … risk when insurers can observe levels of care, but dilute incentives to reduce risk when insurers cannot observe levels of …