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efficiency of negligence rule. It so turns out that in providing correct incentives to the parties, part of accident loss, equal …
Persistent link: https://www.econbiz.de/10014164726
of law is modeled predominantly by the economic efficiency concept. Considering the early stages of the concept …
Persistent link: https://www.econbiz.de/10013087536
Persistent link: https://www.econbiz.de/10013067191
The paper, by providing example of an efficient liability assignment rule under which liabilities of interacting parties for accidental losses is not always coupled, demonstrates that decoupling is not entirely inconsistent with efficient assignment of liabilities
Persistent link: https://www.econbiz.de/10012893880
been intrigued by the possibility that legal processes operate to promote economic efficiency. This essay probes the … problematical character of the efficiency claim. This appraisal operates by refracting the efficiency claim through Vilfredo Pareto … efficiency is an objectively meaningful concept only inside a model of competitive equilibrium. Outside that model, economic …
Persistent link: https://www.econbiz.de/10013012544
The paper, by providing example of an efficient liability assignment rule under which liabilities of interacting parties for accidental losses is not always coupled, demonstrates that decoupling is not inconsistent with efficient assignment of liabilities
Persistent link: https://www.econbiz.de/10012824017
This paper examines the impact of commorientes (the situation where two or more people die in circumstances where the order of death is unclear) on the law of succession and on joint tenancies. As well as considering the law of the Republic of Ireland and Northern Ireland, it also looks at the...
Persistent link: https://www.econbiz.de/10014175661
In Citizens United, the United States Supreme Court held that, at least for many purposes, corporations are people too. This brief essay argues that principles of reciprocity, rooted in moral theory and social science, require, in exchange for the benefits the Court has granted, corporations to...
Persistent link: https://www.econbiz.de/10014175690
The uncertainties associated with the precise nature of legalization regimes and with their expected outcomes sometimes are used to justify the maintenance of drug prohibition. This paper details the role that buyer licensing and exclusion might play in implementing a low-risk, post-prohibition...
Persistent link: https://www.econbiz.de/10014178972
Promises by one party “to indemnify” or “to save harmless” another party take many different forms and appear in many different kinds of contracts. It is clear, however, that not all indemnities possess identical characteristics. So what, then, is the essential characteristic of a...
Persistent link: https://www.econbiz.de/10014179203