negligence of the two parties, similar to the standard comparative negligence rule. Unlike standard liability rules, however … equitable; it has no discontinuity at the efficient point where both parties are just meeting their standards of care; and it …. -- Comparative vigilance ; equity ; economic efficiency ; tort liability rules ; Nash equilibrium ; social costs ; pure comparative …

strictly non-negligent or “vigilant” parties. However, standard models of liability rules do not provide for vigilance …-based sharing of liability. In this paper, we explore the economic efficiency of liability rules based on comparative vigilance. We … devise liability rules that are efficient and that reward vigilance exhibited by the parties. It is commonly believed that …