Equilibria under negligence liability: how the standard claims fall apart

In many accident contexts, the expected accident harm depends on observable as well as unobservable dimensions of the precaution exercised by the parties involved. The observable dimensions are commonly referred to as the ‘care’ levels and the unobservable aspects as the ‘activity’ levels. In a semi...

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Veröffentlicht in:	Review of law & economics 2021-03, Vol.17 (1), p.1-33
1. Verfasser:	Feldman, Allan
Format:	Artikel
Sprache:	eng
Schlagworte:	Economic theory Efficiency Equilibrium Function Game theory Liability Property Social welfare
Online-Zugang:	Volltext
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