Costly Litigation and Optimal Damages

A basic principle of law is that damages paid by a liable party should equal the harm caused by that party. However, this principle is not correct when account is taken of litigation costs, because they too are part of the social costs associated with an injury. In this article we examine the influence of litigation costs on the optimal level of damages, assuming that litigation costs rise with the level of damages

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Year of publication:	2013
Authors:	Shavell, Steven
Other Persons:	Polinsky, A. Mitchell (contributor)
Publisher:	[2013]: [S.l.] : SSRN
Subject:	Theorie \| Theory \| Gerichtliche Prozesskosten \| Litigation costs \| Unfall \| Accident

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Extent:	1 Online-Ressource (15 p)
Series:	Stanford Law and Economics Olin Working Paper ; No. 436
Type of publication:	Book / Working Paper
Language:	English
Notes:	In: Stanford Law and Economics Olin Working Paper No. 436 Nach Informationen von SSRN wurde die ursprüngliche Fassung des Dokuments November 1, 2012 erstellt
Other identifiers:	10.2139/ssrn.2173597 [DOI]
Classification:	K13 - Tort Law and Product Liability ; K41 - Litigation Process
Source:	ECONIS - Online Catalogue of the ZBW

Persistent link: https://www.econbiz.de/10013089704