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This paper analyzes the incentive properties of the standard and burden of proof for a finding of negligence, when …
Persistent link: https://www.econbiz.de/10011409967
We incorporate normative motivations into the economic model of accidents and tort rules. The social norm is that one should avoid harming others and should compensate if nevertheless harm is caused. To some extent, this is internalized through intrinsic moral concerns; moreover, those thought...
Persistent link: https://www.econbiz.de/10014200291
This paper analyzes the incentive properties of the standard and burden of proof for a finding of negligence, when …
Persistent link: https://www.econbiz.de/10013320509
We analyze the design of legal principles and procedures for court decision-making in civil litigation. The objective is the provision of appropriate incentives for potential tort-feasors to exert care, when evidence about care is imperfect and may be distorted by the parties. Efficiency is...
Persistent link: https://www.econbiz.de/10014055375
I consider the efficiency of liability rules when courts obtain imperfect information about precautionary behavior. I ask what tort rules are consistent with socially efficient precautions, what informational requirements the evidence about the parties' behavior must satisfy, what decision rules...
Persistent link: https://www.econbiz.de/10014059119
The future of corporate criminal liability in the U.S. and around the world may be for failure to adequately act on environmental, social, and governance (ESG) issues. In Europe and elsewhere, courts have found a fundamental right or the equivalent to protection from climate change. That right...
Persistent link: https://www.econbiz.de/10013406348
imprisonment term, or a combination of the two? Should the rule of liability be strict or fault-based? If violators are caught only …
Persistent link: https://www.econbiz.de/10014023510
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