Precaution Incentives in Accident Settings

Tim Friehe

ISBN 10: 3834912921 / ISBN 13: 9783834912923

Verlag: Gabler Verlag, 2008

Precaution Incentives in Accident Settings | Tim Friehe | Taschenbuch | Ökonomische Analyse des Rechts | xiv | Englisch | 2008 | Gabler Verlag | EAN 9783834912923 | Verantwortliche Person für die EU: Springer Gabler in Springer Science + Business Media, Tiergartenstr. 15-17, 69121 Heidelberg, juergen[dot]hartmann[at]springer[dot]com | Anbieter: preigu. Bestandsnummer des Verkäufers 101766607

Inhaltsangabe:

One central function of tort law is the inducement of precaution incentives. This is particularly welcome in settings in which the internalization of interdependencies between individuals relating to care and expected harm would otherwise not take effect due to high transaction costs broadly conceived, accident settings being a prime example.

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.

Über die Autorin bzw. den Autor: Dr. Tim Friehe ist wissenschaftlicher Mitarbeiter von Prof. Dr. Laszlo Goerke in der Abteilung für Volkswirtschaftslehre, insbesondere Finanzwissenschaft der Universität Tübingen.

Bibliografische Details

Titel: Precaution Incentives in Accident Settings
Verlag: Gabler Verlag
Erscheinungsdatum: 2008
Einband: Taschenbuch
Zustand: Neu