Economic Analysis of Tort Law

Name: Economic Analysis of Tort Law
Availability: OutOfStock
ISBN: 9780314012043

ISBN-10: 0314012044

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Publisher: West Academic
Publication date: 7/1/1992
Binding: Paperback
Pages: 96
Language: English



Preface


Acknowledgments


Table of Cases


Introduction


Efficiency and Utility Maximization


Efficiency and Wealth Maximization


Comparing Utility and Wealth Maximization: The Pareto Criteria and the Role of Compensation


Efficiency and Equity


Externalities and Inefficiency


The Economic Analysis of Tort Law


Liability as an Incentive for Efficient Behavior


The Negligence Standard


Efficiency of Defenses to Liability Based on Negligence


Nuisance Law: Assigning and Exchanging Rights


Trespass and Nuisance: Transaction Costs and Impediments to Bargaining


Strict Liability


Efficient Defenses to Strict Liability


Problems in Calculating Damages


Index