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Precaution incentives in accident settings /

One central function of tort law is the inducement of precaution incentives. This is particularly welcome in settings in which the internalization of interdependencies between individuals relating to care and expected harm would otherwise not take effect due to high transaction costs broadly conceiv...

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Detalles Bibliográficos
Clasificación:Libro Electrónico
Autor principal: Friehe, Tim
Formato: Electrónico eBook
Idioma:Inglés
Publicado: Wiesbaden : Gabler, ©2008.
Edición:1. ed.
Colección:Gabler Edition Wissenschaft. Ökonomische Analyse des Rechts.
Temas:
Acceso en línea:Texto completo

MARC

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100 1 |a Friehe, Tim. 
245 1 0 |a Precaution incentives in accident settings /  |c Tim Friehe, with a foreword by Laszlo Goerke. 
250 |a 1. ed. 
260 |a Wiesbaden :  |b Gabler,  |c ©2008. 
300 |a 1 online resource (xiv, 187 pages) :  |b illustrations 
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520 8 |a One central function of tort law is the inducement of precaution incentives. This is particularly welcome in settings in which the internalization of interdependencies between individuals relating to care and expected harm would otherwise not take effect due to high transaction costs broadly conceived, accident settings being a prime example. Tim Friehe analyzes important aspects for the design of tort law which intends to induce optimal individual choices and possible limitations of workable tort law in varied settings. Incentives to take precaution, which affect the accident probability and/or the magnitude of the harm in the event of an accident, are of primary interest in this context. After providing an extensive review of the literature relating to the economic analysis of tort law, the author goes on to discuss the consequences of victims with different harm levels. In particular, using average harm as a compensation measure in order to save administrative costs is considered and a scheme to make the revelation of the individual harm level incentive-compatible is devised. Furthermore, the book contributes to the ongoing discussion on the effects of judgment proofness and the distinction between unilateral harm and bilateral harm accidents. Finally, the author highlights the consequences of the consideration of hitherto neglected behavioral dimensions for the conclusions of the economic analysis of tort law. 
505 0 |a The Economics of Tort Law:Basics and Selected Core Themes -- On the Incentive Effects of Damage Averaging in Tort Law -- On the Superiority of Damage Averaging in the Case of Strict Liability -- Screening Accident Victims -- A Note on Judgment Proofness and Risk Aversion -- On the Similarity of Bilateral Harm and Unilateral Harm with Role-Type Uncertainty -- On Avoidance Activities After Accidents -- Conclusion. 
506 |a University staff and students only. Requires University Computer Account login off-campus. 
590 |a ProQuest Ebook Central  |b Ebook Central Academic Complete 
650 0 |a Law and economics. 
650 0 |a Accident law. 
650 0 |a Economics. 
650 2 |a Economics 
650 6 |a Droit et économie politique. 
650 6 |a Économie politique. 
650 7 |a economics.  |2 aat 
650 0 7 |a Accident law.  |2 cct 
650 0 7 |a Law and economics.  |2 cct 
650 7 |a Science économique.  |2 eclas 
650 7 |a Affaires.  |2 eclas 
650 7 |a Economie de l'entreprise.  |2 eclas 
650 7 |a Accident law  |2 fast 
650 7 |a Law and economics  |2 fast 
650 7 |a Law and economics.  |2 nli 
650 7 |a Torts.  |2 nli 
650 7 |a Liability (Law)  |2 nli 
650 7 |a Damages.  |2 nli 
650 7 |a Accident law.  |2 nli 
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830 0 |a Gabler Edition Wissenschaft.  |p Ökonomische Analyse des Rechts. 
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