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Abstract: Verstöße gegen Vorschriften des Wettbewerbsrechts gehen regelmäßig mit einer Schädigung vor- oder nachgelagerter Wirtschaftsstufen einher. Die Urteile ‚Courage’ und ‚Manfredi’, intensive Bemühungen der EU-Kommission, die Rahmenbedingungen für die private Durchsetzung...
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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 …
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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 …
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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
"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...
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