Economic Analysis Of Liability Rules
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Author | : Steven Shavell |
Publisher | : Harvard University Press |
Total Pages | : 327 |
Release | : 2007-03-31 |
Genre | : Law |
ISBN | : 0674024176 |
Accident law, if properly designed, is capable of reducing the incidence of mishaps by making people act more cautiously. Since the 1960s, a group of legal scholars and economists have focused on identifying the effects of accident law on people's behavior. Steven Shavell’s book is the definitive synthesis of research to date in this new field.
Author | : Daniel Krauspenhaar |
Publisher | : Springer |
Total Pages | : 251 |
Release | : 2014-10-06 |
Genre | : Law |
ISBN | : 3642409008 |
The primary purpose of a patent law system should be to enhance economic efficiency, in particular by providing incentives for making inventions. The conventional wisdom is that patents should therefore be strictly exclusive rights. Moreover, in practice patent owners are almost never forced to give up their right to exclude others and receive only a certain amount of remuneration with, for instance, compulsory licensing. Other economically interesting patent-law objectives, however, include the transfer and dissemination of knowledge. Mechanisms exist by which the patent owner decides if he or she would prefer exclusive or non-exclusive rights, for instance the opportunity to declare the willingness to license and create patent pools. But it is questionable whether these mechanisms are sufficient and efficient enough in view of the existence of patent trolls and other problems. This work challenges the conventional wisdom to a certain extent and makes proposals for improvements.
Author | : Malabika Pal |
Publisher | : Taylor & Francis |
Total Pages | : 358 |
Release | : 2019-09-02 |
Genre | : Law |
ISBN | : 1000627497 |
This book looks at the negligence concept of tort law and studies the efficiency issue arising from the determination of negligence. It does so by scrutinizing actual court decisions from three common law jurisdictions – Britain, India and the United States of America. This volume fills a very significant gap, scrutinizing 52 landmark judgments from these three countries, by focussing on the negligent affliction of economic loss determined by common law courts and how these findings relate to the existing theoretical literature. By doing so, it examines the formalization of legal concepts in theory, primarily the question of negligence determination and liability, and their centrality in theories concerning tort law. This book will be very helpful for students, professors and practitioners of law, jurisprudence and legal theory. It will additionally be of use to researchers and academics interested in law and economics, procedure and legal history.
Author | : Piotr Machnikowski |
Publisher | : |
Total Pages | : 0 |
Release | : 2016 |
Genre | : EU-ret |
ISBN | : 9781780683980 |
Thirty years after the entry into force of the Directive on liability for defective products (Council Directive 85/374/EEC), and in the light of the threat to user safety posed by consumer goods that make use of new technologies, it is essential to assess and determine whether the Directive remains an adequate legal response to the phenomenon of products brought to market that fail to ensure appropriate levels of safety for their users. This book is the result of an extensive international research project funded by the Polish National Science Centre. Individual country reports analyze the implementation of the Directive in the domestic law of several EU and EEA Member States (namely Austria, Czech Republic, Denmark, England, France, Germany, Italy, Netherlands, Norway, Poland, Spain, and Switzerland) and the relationship of the implemented rules with the already existing rules of tort law. The country reports show that the practical significance of product liability differs widely in the various Member States. Also taking into account non-EU countries (Canada, Israel, South Africa and the USA), this book examines whether EU law will ensure sufficient safety for individuals using goods that have been produced using new technologies that are currently under development. This, as well as an economic analysis of product liability, makes the book valuable for academics, practitioners, policy makers, and all those interested in the subject. (Series: Principles of European Tort Law) Subject: Tort Law, Private Law]
Author | : Schäfer, Hans-Bernd |
Publisher | : Edward Elgar Publishing |
Total Pages | : 648 |
Release | : 2022-01-25 |
Genre | : Law |
ISBN | : 0857935070 |
This comprehensive textbook provides a thorough guide to the economic analysis of law, with a particular focus on civil law systems. It encapsulates a structured analysis and nuanced evaluation of norms and legal policies, using the tools of economic theory.
Author | : Steven Shavell |
Publisher | : Harvard University Press |
Total Pages | : 760 |
Release | : 2009-07-01 |
Genre | : Law |
ISBN | : 0674043499 |
What effects do laws have? Do individuals drive more cautiously, clear ice from sidewalks more diligently, and commit fewer crimes because of the threat of legal sanctions? Do corporations pollute less, market safer products, and obey contracts to avoid suit? And given the effects of laws, which are socially best? Such questions about the influence and desirability of laws have been investigated by legal scholars and economists in a new, rigorous, and systematic manner since the 1970s. Their approach, which is called economic, is widely considered to be intellectually compelling and to have revolutionized thinking about the law. In this book Steven Shavell provides an in-depth analysis and synthesis of the economic approach to the building blocks of our legal system, namely, property law, tort law, contract law, and criminal law. He also examines the litigation process as well as welfare economics and morality. Aimed at a broad audience, this book requires neither a legal background nor technical economics or mathematics to understand it. Because of its breadth, analytical clarity, and general accessibility, it is likely to serve as a definitive work in the economic analysis of law.
Author | : Michael G. Faure |
Publisher | : Cambridge University Press |
Total Pages | : 397 |
Release | : 2019-10-10 |
Genre | : Business & Economics |
ISBN | : 1108429483 |
A detailed overview of the law-and-economics methodology developed and employed by environmental lawyers and policymakers.
Author | : Jennifer Arlen |
Publisher | : Edward Elgar Publishing |
Total Pages | : 668 |
Release | : 2013-11-29 |
Genre | : Law |
ISBN | : 1781006172 |
Focusing on issues of vital importance to those seeking to understand and reform the tort system, this volume takes a multi-disciplinary approach, including theoretical economic analysis, empirical analysis, socio-economic analysis, and behavioral anal
Author | : Stephen M. Bainbridge |
Publisher | : Edward Elgar Publishing |
Total Pages | : 335 |
Release | : 2016-09-30 |
Genre | : Business & Economics |
ISBN | : 1783473037 |
The modern corporation has become central to our society. The key feature of the corporation that makes it such an attractive form of human collaboration is its limited liability. This book explores how, by allowing those who form the corporation to limit their downside risk and personal liability to only the amount they invest, there is the opportunity for more risks taken at a lower cost.
Author | : Mauro Bussani |
Publisher | : Cambridge University Press |
Total Pages | : 641 |
Release | : 2003-07-31 |
Genre | : Law |
ISBN | : 113943862X |
How far can tort liability expand without imposing excessive burdens upon individual activity? This comprehensive 2003 study of pure economic loss in Europe uses a fact-based comparative method and research into the laws of thirteen European countries. Includes a historical and analytical introduction to economic loss.