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Liability Rules under Evidentiary Uncertainty
Fluet, Claude - Centre Interuniversitaire sur le Risque, les Politiques … - 2006
I consider the efficiency of liability rules when courts obtain imperfect information about precautionary behavior. I ask what tort rules are consistent with socially efficient precautions, what informational requirements the evidence about the parties' behavior must satisfy, what decision rules...
Persistent link: https://www.econbiz.de/10005067689
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Preponderance of evidence
Demougin, Dominique; Fluet, Claude - 2002
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
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Legal Liability when Individuals Have Moral Concerns
Deffains, Bruno; Fluet, Claude - Centre Interuniversitaire sur le Risque, les Politiques … - 2009
We incorporate normative motivations into the economic model of accidents and tort rules. The social norm is that one should avoid harming others and should compensate if nevertheless harm is caused. To some extent, this is internalized through intrinsic moral concerns; moreover, those thought...
Persistent link: https://www.econbiz.de/10008469642
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Preponderance of Evidence
Demougin, Dominique; Fluet, Claude - Centre Interuniversitaire de Recherche en Analyse des … - 2002
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
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Preponderance of Evidence
Demougin, Dominique; Fluet, Claude - Centre de Recherche sur l'Emploi et les Fluctuations … - 2002
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
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The Role of Social Image Concerns in the Design of Legal Regimes
Deffains, Bruno; Fluet, Claude - Centre Interuniversitaire sur le Risque, les Politiques … - 2013
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
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Prepondeance of the Evidence: Tort Rules and the Efficient Standard of Proof
Demougin, Dominique; Fluet, Claude - Centre de Recherche sur l'Emploi et les Fluctuations … - 2000
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
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Cashing by the hour: Why large law firms prefer hourly fees over contingent fees
Garoupa, Nuno; Gómez, Fernando - Department of Economics and Business, Universitat … - 2002
Large law firms seem to prefer hourly fees over contingent fees. This paper provides a moral hazard explanation for this pattern of behavior. Contingent legal fees align the interests of the attorney with those of the client, but not necessarily with those of the partnership. We show that the...
Persistent link: https://www.econbiz.de/10005772368
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Crime and moral hazard: Does more policing necessarily induce private negligence?
Guha, Brishti; Guha, Ashok S. - In: Economics Letters 115 (2012) 3, pp. 455-459
Even risk-neutral individuals can insure themselves against crimes by combining direct expenditure on security with costly diversification. In such cases — and even when one of these options is infeasible — greater policing often actually encourages private precautions.
Persistent link: https://www.econbiz.de/10011041731
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Liability Insurance under the Negligence Rule
Fagart, Marie-Cécile; Fluet, Claude - Centre Interuniversitaire sur le Risque, les Politiques … - 2007
We analyze the efficiency properties of the negligence rule with liability insurance, when the tort-feasor's behavior … evidence is informative, on the evidentiary standard for finding negligence, and on whether insurance contracts can condition … directly on the same evidence as used by courts to assess behavior. When evidence is not directly contractible, the negligence …
Persistent link: https://www.econbiz.de/10005015315