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This pioneering Handbook contains specially-commissioned chapters on tort law from leading experts in the field. This volume evaluates issues of vital importance to those seeking to understand and reform the tort law and the litigation process, taking a multi-disciplinary approach, including...
Persistent link: https://www.econbiz.de/10011181441
We extend the economic analysis of negligence and intervening causation to "two-sided causation" scenarios. In the two-sided causation scenario the effectiveness of the injurer's care depends on some intervention, and the risk of harm generated by the injurer's failure to take care depends on...
Persistent link: https://www.econbiz.de/10011096395
We present a new model of negligence and causation and examine the influence of the negligence test, in the presence of intervening causation, on the level of care. In this model, the injurer’s decision to take care reduces the likelihood of an accident only in the event that some...
Persistent link: https://www.econbiz.de/10011096414
It is common in the legal academy to describe judicial decision trends leading to new common law rules as resulting from conscious judicial effort. Evolutionary models of litigation, in contrast, treat common law as resulting from pressure applied by litigants. One apparent difficulty in the...
Persistent link: https://www.econbiz.de/10005436451
The notion that damages should be multiplied by the reciprocal of the probability of punishment is one of the basic lessons of the law and economics literature. However, the simple "1/p</EM>" multiplier turns out be inapplicable in the civil damages setting. The multiplier that brings about...
Persistent link: https://www.econbiz.de/10005562583
Persistent link: https://www.econbiz.de/10006816022