Accident liability.

Accident Risk, Limited Liability and Dynamic Moral Hazard∗

A firm is subject to accident risk, which the manager can mitigate by exerting effort. An agency problem arises because effort is unobservable and the manager has limited liability. The occurrence of accidents is modelled as a Poisson process, whose intensity is controlled by the manager. We use martingale techniques to formulate the manager’s incentive compatibility constraints and to study th...

[Liability of the insurance carrier in cases of obliquely narrowed pelvis caused by accident injuries].

Accident , Mistake , and Rules of Liability in the Fourteenth - Century Law of Torts

In the fourteenth century, it was evidently a familiar principle in the law of torts that no one was liable to make compensation for injuries attributable to some entirely providential cause. Tenants were therefore not liable in Waste for damage caused by tempests,l earthquakes, 2 or fires of spontaneous origin.3 The identical principle obtained in trespass: 4 Fires that arose "suddenly" or "un...

The Effect of Automobile Insurance and Accident Liability Laws on Traffic Fatalities*

This paper investigates the incentive effects of automobile insurance, compulsory insurance laws, and no-fault liability laws on driver behavior and traffic fatalities. We analyze a panel of 50 U.S. states and the District of Columbia for 1970–98, a period in which many states adopted compulsory insurance regulations and/or nofault laws. Using an instrumental variables approach, we find evidenc...

Law Enforcement; a Function of Criminal Liability or Civil Liability

Despite the fact that in investigations and legal writings enough consideration has been paid to the founding principles and rules governing civil and criminal liability as well as damages of crime, the legal or disciplinary responsibility accompanying these two types of legal responsibilities has not been taken seriously into account and the people involved it - in particular, the authorities ...