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greybeetle58Lv1
28 Sep 2019
Law and economics: Discuss the efficiency properties of the any two of the following liability rules, by predicting the outcome under the rule. Also, discuss who bears the accident cost under the predicted outcome. Assume bilateral care accident contexts. You need not prove uniqueness of the equilibrium.
(a) Negligence with defense of contributory negligence
(b) Rule of comparative negligence
(c) Strict liability with defense of contributory negligence
Law and economics: Discuss the efficiency properties of the any two of the following liability rules, by predicting the outcome under the rule. Also, discuss who bears the accident cost under the predicted outcome. Assume bilateral care accident contexts. You need not prove uniqueness of the equilibrium.
(a) Negligence with defense of contributory negligence
(b) Rule of comparative negligence
(c) Strict liability with defense of contributory negligence
Kritika KrishnakumarLv10
28 Sep 2019