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This paper analyzes the incentive properties of the standard and burden of proof for a finding of negligence, when …
Persistent link: https://www.econbiz.de/10005168676
This paper analyzes the incentive properties of the standard and burden of proof for a finding of negligence, when …
Persistent link: https://www.econbiz.de/10005100970
We consider situations where legal liability yields insufficient incentives for socially efficient behavior, e.g., individuals who cause harm are not always sued or are unable to pay fully for harm done. Some individuals nevertheless behave efficiently because of intrinsic prosocial concerns....
Persistent link: https://www.econbiz.de/10010687448
This paper analyzes the cost and incentive properties of the standard of proof for a finding of negligence. In common … evidence is the only cost-and-incentive efficient standard of proof consistent with a negligence rule. <P> Cet article analyse …
Persistent link: https://www.econbiz.de/10005572493
This paper analyzes the incentive properties of the standard and burden of proof for a finding of negligence, when …
Persistent link: https://www.econbiz.de/10011409967
This paper analyses whether liability insurance is socially desirable, under strict liability or under the negligence … hazard. Does this result extend to the negligence rule, when courts obtain only imperfect information about levels of care … courts? rulings (erroneously finding negligence when the defendant exerted due care vs. not finding negligence when he was …
Persistent link: https://www.econbiz.de/10011187126
I examine the case where fulfillment of a contractual commitment is only imperfectly verifiable and ask whether the court should then "tell the truth"" regarding the action in dispute. I show that truth seeking does not maximize the expected surplus from contractual relationships. From the...
Persistent link: https://www.econbiz.de/10005100649
We argue that the common law standard of proof, given the rules of evidence, does not minimize expected error as usually argued in the legal literature, but may well be efficient from the standpoint of providing maximal incentives for socially desirable behavior. By contrast, civil law's higher...
Persistent link: https://www.econbiz.de/10005101073
I examine the case where fulfillment of a contractual commitment is only imperfectly verifiable and ask whether the court should then "tell the truth" regarding the action in dispute. I show that truth seeking does not maximize the expected surplus from contractual relationships. From the...
Persistent link: https://www.econbiz.de/10005795971
We argue that the common law standard of proof, given the rules of evidence, does not minimize expected error as usually argued in the legal literature, but may well be efficient from the standpoint of providing maximal incentives for socially desirable behavior. By contrast, civil law's higher...
Persistent link: https://www.econbiz.de/10005696274