In a world with risk-neutral agents, liability rules will only induce efficient behaviour if these rules impose the … are not related to the occurrence of an accident. Such a mechanism requires individuals to violate the standard of care in …

In a world with risk-neutral agents, liability rules will only induce efficient behaviour if these rules impose the … are not related to the occurrence of an accident. Such a mechanism requires individuals to violate the standard of care in …

liability rules on incentives to reduce accident risks. Then consideration of accident law is broadened (chapter 5) to reflect …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 …

improves the plight of road accident victims considerably. We retain, however, our doubts whether the system of reform adopted …