Precaution Incentives in Accident Settings
Language: English
Published by Westdeutscher Verlag GmbH, 2008
- Softcover
- New
Seller: Majestic Books, Hounslow, United KingdomMajestic Books
AbeBooks seller since January 19, 2007
Condition: New
£ 67.83
Quantity: 4 available
Add to basketItem description from seller
Print on Demand pp. xiv + 187.
Seller Inventory # 44764766
- Title
- Precaution Incentives in Accident Settings
- Author
- Friehe Tim
- Publisher
- Westdeutscher Verlag GmbH
- Publication year
- 2008
- Condition
- New
- Binding
- Soft cover
- Language
- English
- ISBN 10
- 3834912921
- ISBN 13
- 9783834912923
Tim Friehe analyzes important aspects for the design of tort law which intends to induce optimal individual choices and possible limitations of workable tort law in varied settings. Incentives to take precaution, which affect the accident probability and/or the magnitude of the harm in the event of an accident, are of primary interest in this context. After providing an extensive review of the literature relating to the economic analysis of tort law, the author goes on to discuss the consequences of victims with different harm levels. In particular, using average harm as a compensation measure in order to save administrative costs is considered and a scheme to make the revelation of the individual harm level incentive-compatible is devised. Furthermore, the book contributes to the ongoing discussion on the effects of judgment proofness and the distinction between unilateral harm and bilateral harm accidents. Finally, the author highlights the consequences of the consideration of hitherto neglected behavioral dimensions for the conclusions of the economic analysis of tort law.
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Majestic Books
Hounslow, United Kingdom
AbeBooks seller since January 19, 2007
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