On The Existence and Efficiency of Equilibria Under Liability Rules

The first objective of this paper is to contribute to the debate regarding the desirability of the sharing of liability for the accident loss. The second objective is to extend the efficiency analysis beyond Shavell (1980, 1987) and Miceli (1997), to search for the second-best liability rules. [WP no. 150].

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Year of publication:	2008-10
Authors:	Singh, Ram
Institutions:	eSocialSciences
Subject:	economic anlaysis \| Liability rules \| negligence liability \| comparative liability \| accident loss \| loss sharing \| social welfare \| first best \| second best \| Nash equilibrium \| incentives \| probability \| motor vehicle \| victim

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Series:	Working Papers.
Type of publication:	Book / Working Paper
Notes:	Institutional Papers
Source:	RePEc - Research Papers in Economics

Persistent link: https://ebvufind01.dmz1.zbw.eu/10005528139