Download Economic Analysis of Liability Rules by Satish Kumar Jain PDF

By Satish Kumar Jain

This publication makes a speciality of the research of legal responsibility ideas of tort legislation from an potency point of view, featuring a accomplished research of those ideas in a self-contained and rigorous but obtainable demeanour. It establishes common effects at the potency of legal responsibility ideas, together with entire characterizations of effective legal responsibility principles and effective incremental legal responsibility ideas. The booklet additionally establishes that the untaken precaution method and decoupled legal responsibility are incompatible with potency.

The financial research of tort legislations has demonstrated that for potency it is crucial that every occasion to the interplay has to be made to internalize the damage due to the interplay. The characterization and impossibility theorems offered during this publication determine that, as well as internalization of the damage via every one occasion, there are extra specifications for potency. to start with, principles needs to be immune from strategic manipulation. Secondly, ideas needs to entail closure with admire to the events concerned about the interplay giving upward push to the unfavourable externality, i.e., the legal responsibility mustn't ever be decoupled.

Show description

Read Online or Download Economic Analysis of Liability Rules PDF

Best rules & procedures books

The Warren Court: A Retrospective

A judge-made revolution? The very time period turns out an oxymoron, but this can be precisely what the best court docket below leader Justice Earl Warren accomplished. In Bernard Schwartzs most recent paintings, in accordance with a convention on the college of Tulsa collage of legislation, we get the 1st retrospective at the Warren Court--a distinctive research of the Courts accomplishments, together with unique items by means of recognized judges, professors, attorneys, renowned writers comparable to Anthony Lewis, David Halberstam, David J.

Contract Damages: Domestic and International Perspectives

This e-book is a set of essays reading the therapy of agreement damages within the universal legislation and less than the overseas agreement legislation tools akin to the Vienna conference on Contracts for the foreign revenues of products and the UNIDROIT rules of foreign advertisement Contracts. The essays, written via major specialists, increase vital and topical matters in relation to the legislations of agreement damages from either theoretical and sensible views.

On Civil Procedure

This comparative research of civil technique concentrates at the reasons served by means of the establishment of laws instead of the intentions of these who litigate. Stressing that these reasons cross a ways past mere nonviolent dispute answer, Jolowicz conducts a comparative exam of procedural legislation in an try to clarify the guidelines that underlie its constituent parts.

Race, Law, and Culture: Reflections on Brown v. Board of Education

By way of race and racial concerns those are unusual occasions for all americans. greater than 40 years after Brown v. Board of schooling placed an finish to segregation of the races by means of legislation, present debates approximately affirmative motion, multiculturalism, and racial hate speech exhibit continual uncertainty in regards to the position and that means of race in American tradition and the function of legislation in making certain racial equality.

Additional info for Economic Analysis of Liability Rules

Sample text

2004. A complete characterization of efficient liability rules: Comment. Journal of Economics 81: 61–75. Kornhauser, Lewis A. and Richard L. Revesz. 1989. Sharing damages among multiple tortfeasors. Yale Law Journal 98: 831–884. Landes, William M. and Richard A. Posner. 1980. Multiple tortfeasors: An economic analysis. Journal of Legal Studies 9: 517–555. Landes, William M. and Richard A. Posner. 1987. The economic structure of tort law. Cambridge, MA: Harvard University Press. Medema, Steven G.

And Rajendra P. Kundu. 2006. Characterization of efficient simple liability rules with multiple tortfeasors. International Review of Law and Economics 26: 410–427. Jain, Satish K. and Ram Singh. 2002. Efficient liability rules: Complete characterization. Journal of Economics 75: 105–124. Kahan, Marcel. 1989. Causation and incentives to take care under the negligence rule. Journal of Legal Studies 18: 427–447. Kaldor, Nicholas. 1939. Welfare propositions in economics and inter-personal comparisons of utility.

Journal of Law and Economics 15: 427–437. Rizzo, Mario J. 1980. Law amid flux: The economics of negligence and strict liability in tort. Journal of Legal Studies 9: 291–318. Rubinfeld, Daniel L. 1987. The efficiency of comparative negligence. Journal of Legal Studies 16: 375–394. Samuels, Warren J. 1974. The Coase theorem and the study of law and economics. Natural Resources Journal 14: 1–33. Schwartz, Gary T. 1978. Contributory and comparative negligence: A reappraisal. Yale Law Journal 87: 697–727.

Download PDF sample

Rated 4.57 of 5 – based on 21 votes