Analytical Methods - Folge 11: Law and Economics III
Update: 2019-04-19
Description
Law and Economics III - Tort law and legal practice; The crisis of tort law; Costs of the US tort system; The history of liability law and economics; Liability standards; Tort law as a complement to contract law; Factors influencing the efficiency of liability standards; Damage costs; Liability (only) for damages intentionally caused; Negligence liability; The Hand rule; Strict liability; Identifying the optimal precaution level; Contributory vs. comparative negligence; Practical problems with the negligence rule and the strict liability; Which liability rule to choose?; Optimal liability standard; Liability and administratives costs.
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