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Integrating Punishment and Efficiency Concerns in Punitive Damages for Reckless Disregard of Risks to Others
Diamond, Peter A. - 2003
level of precaution. The analysis is extended to situations where some accidents do not result in liability …
Persistent link: https://www.econbiz.de/10014122859
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Integrating Punishment and Efficiency Concerns in Punitive Damages for Reckless Disregard of Risks to Others
Diamond, Peter A. - 2001
Punitive damages deter and punish. Using a social welfare function that incorporates both economic efficiency and a desire for retribution, this paper explores the effects of punitive damages in situations of reckless disregard that might be viewed as outrageous. If the defendant was making a...
Persistent link: https://www.econbiz.de/10014208092
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A Complete Characterization of Efficient Liability Rules : Comment
Kim, Jeonghyun - 2004
In a recent article, Jain and Singh (2002) prove that a condition they call negligence liability is necessary and … sufficient for any liability rule to be efficient. In this note I critique their result on two accounts: First, their result … crucially depends on implicit restrictions they impose on the liability assignment function. If we drop the assumption that the …
Persistent link: https://www.econbiz.de/10014069935
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Rewards and punishments : informal contracting through social preferences
Chassang, Sylvain; Zehnder, Christian - In: Theoretical economics : TE ; an open access journal in … 11 (2016) 3, pp. 1145-1179
This paper develops a positive model of informal contracting in which rewards and punishments are not determined by an ex ante optimal plan but instead express the ex post moral sentiments of the arbitrating party. We consider a subjective performance evaluation problem in which a principal can...
Persistent link: https://www.econbiz.de/10011671838
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When punishment doesn't pay : cold glow and decisions to punish
Ouss, Aurélie; Peysakhovich, Alexander - In: The journal of law & economics 58 (2015) 3, pp. 625-655
Persistent link: https://www.econbiz.de/10011494517
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Rational legal decision-making, value judgment and efficient precaution in tort law
Zheng, Mingli; Anwar, Sajid - In: Journal of institutional and theoretical economics : JITE 161 (2005) 3, pp. 411-427
Persistent link: https://www.econbiz.de/10003213135
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Integrating punishment and efficiency concerns in punitive damages for reckless disregard of risks to others
Diamond, Peter A. - In: The journal of law, economics, & organization 18 (2002) 1, pp. 117-139
Persistent link: https://www.econbiz.de/10001673677
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Integrating Punishment and Efficiency Concerns in Punitive Damages for Reckless Disregard of Risks to Others
Diamond, Peter A. - 2010
level of precaution. The analysis is extended to situations where some accidents do not result in liability …
Persistent link: https://www.econbiz.de/10012761934
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Wealth maximization redux : a defense of Posner's economic approach to law
Pi, Daniel; Parisi, Francesco - In: History of economic ideas : HEI 31 (2023) 3, pp. 101-136
Persistent link: https://www.econbiz.de/10014551972
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A complete characterization of efficient liability rules : comment
Kim, Jeong-hyun - In: Journal of economics 81 (2004) 1, pp. 61-75
Persistent link: https://www.econbiz.de/10001981234