On the Superiority of Damage Averaging in the Case of Strict Liability

Zitieren

Dateien zu dieser Ressource

Dateien Größe Format Anzeige

Zu diesem Dokument gibt es keine Dateien.

BAUMANN, Florian, Tim FRIEHE, 2009. On the Superiority of Damage Averaging in the Case of Strict Liability. In: International Review of Law & Economics. 29(2), pp. 138-142. Available under: doi: 10.1016/j.irle.2008.10.001

@article{Baumann2009Super-1822, title={On the Superiority of Damage Averaging in the Case of Strict Liability}, year={2009}, doi={10.1016/j.irle.2008.10.001}, number={2}, volume={29}, journal={International Review of Law & Economics}, pages={138--142}, author={Baumann, Florian and Friehe, Tim} }

Baumann, Florian The literature argues that if injurers cannot anticipate the precise level of harm, courts might use expected harm as a magnitude of compensation instead of actual harm without distorting care incentives. This paper shows that the use of expected harm is in fact preferable if victims choose the value of the object placed at risk. If the court were to insist on compensating actual harm, this would result in victims choosing inefficient object values. In contrast, restricting compensation to expected harm yields the first-best outcome. deposit-license eng Friehe, Tim 2011-03-23T09:36:05Z Baumann, Florian Friehe, Tim 2011-03-23T09:36:05Z On the Superiority of Damage Averaging in the Case of Strict Liability 2009 Publ. in: International Review of Law & Economics 29 (2009), 2, pp. 138-142

Das Dokument erscheint in:

KOPS Suche


Stöbern

Mein Benutzerkonto