Showing 111 - 120 of 678,896
define what distribution of wealth and income we consider desirable (just). Author focuses on the field of accident law and …
Persistent link: https://www.econbiz.de/10013057127
This paper investigates cases in which harms are statistically correlated. When parties are risk averse, correlation plays an important role in the choice between liability rules. Specifically, positively correlated harms favor a liability rule that spreads the risk over a multitude of parties,...
Persistent link: https://www.econbiz.de/10012984019
connected to the accident? This paper focuses on the implicit but powerful role that aggregation — of behavior, precautions, and … observed there and the accident at hand. The analysis here also sheds light on questions of legal thresholding that emerge in …
Persistent link: https://www.econbiz.de/10012934133
Accident law is the body of legal rules governing the ability of victims of harm to sue and to collect payments from … those who injured them. This paper contains the chapters on accident law from a general, forthcoming book, Foundations of … liability rules on incentives to reduce accident risks. Then consideration of accident law is broadened (chapter 5) to reflect …
Persistent link: https://www.econbiz.de/10013221850
This is a survey of legal liability for accidents. Three general aspects of accident liability are addressed. The first …-bearing and insurance, for the liability system acts as an implicit insurer for accident victims and it imposes risk on potential … injurers (because they may have to pay judgments to victims). In this regard, victims' accident insurance and injurers …
Persistent link: https://www.econbiz.de/10013240975
Persistent link: https://www.econbiz.de/10013285714
Under the usual tort rules, damages for an accident equal the victim's loss (compensation). This paper departs from …
Persistent link: https://www.econbiz.de/10013033535
Persistent link: https://www.econbiz.de/10013174239
because of failure to account for victim offsetting behavior (OB). A simple expected accident loss model is developed where …
Persistent link: https://www.econbiz.de/10012716978
This paper is a contribution to the literature on efficient assignment of liabilities for accidental losses arising out of two party interactions involving negative externalities. The objective is to examine the requirements that efficiency imposes on rules for the assignment of liabilities for...
Persistent link: https://www.econbiz.de/10013323718