On Negligence Rules and Self-Selection
نویسندگان
چکیده
منابع مشابه
On Negligence Rules and Self-Selection
Economic models of negligence ordinarily involve a single standard of care that all injurers must meet to avoid liability. When injurers differ in their costs of care, however, this leads to distortions in their care choices. This paper derives the characteristics of a generalized negligence rule that induces injurers to selfselect their optimal care levels. The principal features of the rule a...
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ژورنال
عنوان ژورنال: Review of Law & Economics
سال: 2006
ISSN: 1555-5879
DOI: 10.2202/1555-5879.1085