torts: from the basic decision to impose tort liability, through the choice between liability rules, to specific rules and … review focuses on contributions made to three key elements of tort law: the choice between liability regimes; the choice … between tort liability and regulation (including the choice between harm-based and risk-based liability); and damages (in …

law is the same as the theory that explains strict liability doctrine. The core function of both sets of doctrines is to … duty. This paper provides a positive economic theory of duty doctrine. The theory that best explains duty doctrines in tort … regulate the frequency or scale of activities that have substantial external effects. Strict liability aims to suppress or tax …

Legal liability for accidents determines the circumstances under which injurers must compensate injurers for harm. The … effects of liability on incentives to reduce risk, on risk-bearing and insurance (both direct coverage for victims and … liability coverage for injurers), and on administrative expenses are considered. Liability is also compared to other methods of …

theory are manifold but include at the top of the list (my list, anyway): (1) critiquing the degree to which harms often (but …

basis of the incentive effects of tort liability rules. Intent rules serve a regulatory function by internalizing costs …