Shavell, Steven - In: Handbook of law and economics : volume 1, (pp. 139-182). 2007
This is a survey of legal liability for accidents. Three general aspects of accident liability are addressed. The first …-bearing and insurance, for the liability system acts as an implicit insurer for accident victims and it imposes risk on potential …' liability insurance are taken into account. The third general aspect of accident liability is its administrative expense …
