Driverless Cars and the Much Delayed Tort Law Revolution

Driverless Cars will Make Rails Obsolete

Driverless vehicles will be common on the road in a short time. They will have many impacts on the global transport market trends. One of the remarkable driverless vehicles impacts will be the laying aside of rail systems, because of several reasons, that is to say traffic congestions will be no more a justification for rail, rail will not be the best answer for disableds, air pollution of cars...

Driverless cars: How innovation paves the road to investment opportunity

We are at a point in history where computer science and technology are enabling the creation of products and services that previously existed only in the realm of science fiction. In this article, we consider the investment implications of one such game-changing innovation: autonomous driving technology, or driverless cars. The global market for these vehicles is expected to reach the trillion ...

Modern Tort Law Demystified

Innovation , tort law , and competition

In this paper, we examine the link between innovative activity on the part of firms, the competitive pressure to introduce innovations and optimal damages awards. While innovative activity brings forth valuable new products for consumers, competitive pressure in the ensuing innovation race induces firms to launch innovations too early, thereby raising the likelihood of severe product risks abov...

Newer cars : Much safer

Secondary safety refers to mitigation of injury given that a crash occurs, as distinct from prevention of crashes. Evidence is presented that secondary safety of new cars has been improving substantially in recent years. (a) Single-car crashes, South Australia. The later the year of the car, the smaller is the probability of the driver being killed. (b) Car-car collisions, South Australia. Comp...