Sequential Torts and Bilateral Harm

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2009
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International Review of Law & Economics. 2009, 29(2), pp. 161-168. Available under: doi: 10.1016/j.irle.2008.10.002
Zusammenfassung

This paper analyzes care incentives of individuals in a bilateral-harm setting if care choices are sequential. We find that the efficient outcome is not guaranteed under any liability rule considered, irrespective of whether information is perfect or imperfect. Furthermore, it is no longer possible to generally rank liability rules according to their induced social costs. These findings are in strong contrast to the sequential-torts setting in which harm is unilateral.

Zusammenfassung in einer weiteren Sprache
Fachgebiet (DDC)
330 Wirtschaft
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Care incentives, Sequential care, Bilateral harm, Tort law
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ISO 690FRIEHE, Tim, 2009. Sequential Torts and Bilateral Harm. In: International Review of Law & Economics. 2009, 29(2), pp. 161-168. Available under: doi: 10.1016/j.irle.2008.10.002
BibTex
@article{Friehe2009Seque-1839,
  year={2009},
  doi={10.1016/j.irle.2008.10.002},
  title={Sequential Torts and Bilateral Harm},
  number={2},
  volume={29},
  journal={International Review of Law & Economics},
  pages={161--168},
  author={Friehe, Tim}
}
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