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The welfare implications of costly litigation in the theory of liability
Polinsky, Alan Mitchell; Rubinfeld, Daniel L. - 1986
Persistent link: https://www.econbiz.de/10000694820
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Die Wohlfahrt der außervertraglichen Haftung in der Russischen Föderation - eine neoinstitutionen- und rechtsökonomische Analyse
Welck, Wolfgang von - 2014
Persistent link: https://www.econbiz.de/10011549274
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Welfare implications of costly litigation under strict liability
Hylton, Keith N. - In: American law and economics review : the journal of the … 4 (2002) 1, pp. 18-43
Persistent link: https://www.econbiz.de/10001711288
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Welfare Implications of Costly Litigation Under Strict Liability
Hylton, Keith N. - 2010
This article examines a model of strict liability with costly litigation and presents conditions under which (1 …) the optimal level of liability exceeds the compensatory level, and (4) increasing the rate of settlement enhances social …
Persistent link: https://www.econbiz.de/10012761812
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The Welfare Implications of Costly Litigation in the Theory of Liability
Polinsky, A. Mitchell - 1986
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 …
Persistent link: https://www.econbiz.de/10012477242
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Economic analysis of conflict-of-laws rules in tort : lex loci delicti principle vs. interest analysis approach
Kagami, Kazuaki; Kōno, Toshiyuki; Nishitani, Yūko - In: An economic analysis of private international law : …, (pp. 121 - 141). 2006
Persistent link: https://www.econbiz.de/10014557007
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The Welfare Implications of Costly Litigation in the Theory of Liability
Polinsky, A. Mitchell; Rubinfeld, Daniel L. - 2022
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 …
Persistent link: https://www.econbiz.de/10013309589
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The evolution of a legal rule
Niblett, Anthony; Posner, Richard A.; Shleifer, Andrei - 2008
"The efficiency of common law rules is central to achieving efficient resource allocation in a market economy. While many theories suggest reasons why judge-made law should tend toward efficient rules, the question whether the common law actually does converge in commercial areas has remained...
Persistent link: https://www.econbiz.de/10003681931
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The evolution of a legal rule
Niblett, Anthony; Posner, Richard A.; Shleifer, Andrei - In: The journal of legal studies 39 (2010) 2, pp. 325-358
Persistent link: https://www.econbiz.de/10009302193
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The evolution of a legal rule
Shleifer, Andrei; Niblett, Anthony; Posner, Richard A. - In: The failure of judges and the rise of regulators, (pp. 77-104). 2012
Persistent link: https://www.econbiz.de/10009767639