國立虎尾科技大學 |

Economic Analysis of Liability Rules

Record Type:	Language materials, printed : Monograph/item
Title/Author:	Economic Analysis of Liability Rules/ by Satish Kumar Jain.
Author:	Jain, Satish Kumar.
Description:	IX, 180 p. 8 illus.online resource. :
Contained By:	Springer Nature eBook
Subject:	Law and economics. -
Online resource:	https://doi.org/10.1007/978-81-322-2029-9
ISBN:	9788132220299

Economic Analysis of Liability Rules
Jain, Satish Kumar.

Economic Analysis of Liability Rules[electronic resource] /by Satish Kumar Jain. - 1st ed. 2015. - IX, 180 p. 8 illus.online resource.

Chapter 1. Introduction -- Chapter 2. Efficiency Criteria -- Chapter 3. The Structure of Efficient Liability Rules -- Chapter 4. Decoupled Liability and Efficiency -- Chapter 5. Negligence as Failure to Take Some Cost-Justified Precaution -- Chapter 6. The Structure of Incremental Liability Rules -- Chapter 7. The Negligence Rule -- Chapter 8. Decomposition of Loss and a Class of Negligence Rules -- Chapter 9. Multiple Injurers and Victims -- Chapter 10. Epilogue.

This book focuses on the analysis of liability rules of tort law from an efficiency perspective, presenting a comprehensive analysis of these rules in a self-contained and rigorous yet accessible manner. It establishes general results on the efficiency of liability rules, including complete characterizations of efficient liability rules and efficient incremental liability rules. The book also establishes that the untaken precaution approach and decoupled liability are incompatible with efficiency. The economic analysis of tort law has established that for efficiency it is necessary that each party to the interaction must be made to internalize the harm resulting from the interaction. The characterization and impossibility theorems presented in this book establish that, in addition to internalization of the harm by each party, there are two additional requirements for efficiency. Firstly, rules must be immune from strategic manipulation. Secondly, rules must entail closure with respect to the parties involved in the interaction giving rise to the negative externality, i.e., the liability must not be decoupled.

ISBN: 9788132220299

Standard No.: 10.1007/978-81-322-2029-9doiSubjects--Topical Terms:

560301
Law and economics.

LC Class. No.: HB73

Dewey Class. No.: 330

Economic Analysis of Liability Rules
LDR:02917nam a22004095i 4500 001 965396
003 DE-He213
005 20200920111903.0
007 cr nn 008mamaa
008 201211s2015 ii | s |||| 0|eng d
020 $a 9788132220299 $9 978-81-322-2029-9
024 7 $a 10.1007/978-81-322-2029-9 $2 doi
035 $a 978-81-322-2029-9
050 4 $a HB73
072 7 $a LBBM $2 bicssc
072 7 $a LAW014000 $2 bisacsh
072 7 $a LBBM $2 thema
072 7 $a LNC $2 thema
082 0 4 $a 330 $2 23
100 1 $a Jain, Satish Kumar. $4 aut $4 http://id.loc.gov/vocabulary/relators/aut $3 1064970
245 1 0 $a Economic Analysis of Liability Rules $h [electronic resource] / $c by Satish Kumar Jain.
250 $a 1st ed. 2015.
264 1 $a New Delhi : $b Springer India : $b Imprint: Springer, $c 2015.
300 $a IX, 180 p. 8 illus. $b online resource.
336 $a text $b txt $2 rdacontent
337 $a computer $b c $2 rdamedia
338 $a online resource $b cr $2 rdacarrier
347 $a text file $b PDF $2 rda
505 0 $a Chapter 1. Introduction -- Chapter 2. Efficiency Criteria -- Chapter 3. The Structure of Efficient Liability Rules -- Chapter 4. Decoupled Liability and Efficiency -- Chapter 5. Negligence as Failure to Take Some Cost-Justified Precaution -- Chapter 6. The Structure of Incremental Liability Rules -- Chapter 7. The Negligence Rule -- Chapter 8. Decomposition of Loss and a Class of Negligence Rules -- Chapter 9. Multiple Injurers and Victims -- Chapter 10. Epilogue.
520 $a This book focuses on the analysis of liability rules of tort law from an efficiency perspective, presenting a comprehensive analysis of these rules in a self-contained and rigorous yet accessible manner. It establishes general results on the efficiency of liability rules, including complete characterizations of efficient liability rules and efficient incremental liability rules. The book also establishes that the untaken precaution approach and decoupled liability are incompatible with efficiency. The economic analysis of tort law has established that for efficiency it is necessary that each party to the interaction must be made to internalize the harm resulting from the interaction. The characterization and impossibility theorems presented in this book establish that, in addition to internalization of the harm by each party, there are two additional requirements for efficiency. Firstly, rules must be immune from strategic manipulation. Secondly, rules must entail closure with respect to the parties involved in the interaction giving rise to the negative externality, i.e., the liability must not be decoupled.
650 0 $a Law and economics. $3 560301
650 0 $a Civil procedure. $3 560093
650 0 $a Criminal law. $3 569598
650 0 $a Economic theory. $3 809881
650 1 4 $a Law and Economics. $3 669261
650 2 4 $a Civil Procedure Law. $3 677587
650 2 4 $a Criminal Law and Criminal Procedure Law. $3 1209898
650 2 4 $a Economic Theory/Quantitative Economics/Mathematical Methods. $3 1069071
710 2 $a SpringerLink (Online service) $3 593884
773 0 $t Springer Nature eBook
776 0 8 $i Printed edition: $z 9788132220305
776 0 8 $i Printed edition: $z 9788132220282
776 0 8 $i Printed edition: $z 9788132235026
856 4 0 $u https://doi.org/10.1007/978-81-322-2029-9
912 $a ZDB-2-SBE
912 $a ZDB-2-SXEF
950 $a Business and Economics (SpringerNature-11643)
950 $a Economics and Finance (R0) (SpringerNature-43720)