This is a survey of legal liability for accidents. Three general aspects of accident liability are addressed. The first … is the effect of liability on incentives, both whether to engage in activities (for instance, whether to drive) and how …-bearing and insurance, for the liability system acts as an implicit insurer for accident victims and it imposes risk on potential …

regulation. The findings complicate the conventional academic story about the limited capabilities of tort law and its inevitable … displacement by more institutionally robust and sophisticated forms of regulation. Part I offers a brief introduction, followed in … environmental, health, and safety risks. Part III argues that the debate over tort law's potential as a risk regulation mechanism …

liability and the nature of the fair use doctrine could therefore gain valuable insight from the general theory and economic … mixed system of liability, which resorts to both strict liability and negligence to achieve the utilitarian aim of promoting …

In the theory of public enforcement of law the choice of the liability rules is between strict liability and fault …-based liability. In this paper, we study the determinants of compliance when in addition to standard economic incentives wrongdoers …

covered. The first is legal liability for harm. Here we discuss liability rules as incentives to reduce risk, issues of risk …-bearing and insurance, and the costs of the liability system. Second, we consider property law, where we address the nature and …

Physicians are traditionally liable under a negligence rule of liability. Economic analysis of liability rules …, including malpractice, assumes that the primary function of liability is injury prevention (deterrence). Compensation can be … provided more efficiently through other forms of social or private insurance. In theory, a negligence rule creates incentives …