Feldman, Allan M.; Kim, Jeonghyun - In: American Law and Economics Review 7 (2005) 2, pp. 523-543
Judge Learned Hand's opinion in United States v. Carroll Towing Co. (1947) is canonized in the law-and-economics literature as the first use of cost-benefit analysis for determining negligence and assigning liability. This article revisits the case in which the Hand formula was born and examines...