A Note on the Optimality of Strict Liability
نویسنده
چکیده
I show below that, contrary to what is widely accepted, in situations of unilateral care a rule of strict liability is not optimal. The difference between my results and previous ones follows from my consideration of the victim’s rational behavior. JEL number: K13 (Tort Law and Product Liability). * I would like to thank Dan Orr and Tom Ulen for helpful comments on earlier drafts. Of course, remaining errors are only mine. ** Javier Estrada / 484 Commerce West / 1206 South Sixth / Champaign, IL 61820 / USA
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