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The Economics of Tort Law: A Précis

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  • Guiseppe Dari Mattiaci
  • F. Parisi

Abstract

Economic analysis has long been employed for the study of tort liability. This paper revisits the main contributions to the subject emphasizing the inherent impossibility for tort liability to set perfectly efficient first-best incentives to take precaution for all parties to an accident and the need to choose among second best outcomes. The paper provides a pathfinder through the literature in various areas of tort law and economics

Suggested Citation

  • Guiseppe Dari Mattiaci & F. Parisi, 2003. "The Economics of Tort Law: A Précis," Working Papers 03-13, Utrecht School of Economics.
    • Handle: RePEc:use:tkiwps:0313
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    File URL: https://dspace.library.uu.nl/bitstream/handle/1874/309411/03_13.pdf
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    References listed on IDEAS

    as
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    Cited by:

    1. Gérard Mondello, 2017. "Un modèle d'accident unilatéral: incertitude non-radicale et estimations différenciées," GREDEG Working Papers 2017-12, Groupe de REcherche en Droit, Economie, Gestion (GREDEG CNRS), Université Côte d'Azur, France.
    2. Neşve A. Turan Brewster & Peter D. Goldsmith, 2007. "Legal systems, institutional environment, and food safety," Agricultural Economics, International Association of Agricultural Economists, vol. 36(1), pages 23-38, January.
    3. baffi, enrico, 2012. "The Failure of Decoupling Liability and Other Mistakes in Tort Law," MPRA Paper 42242, University Library of Munich, Germany.
    4. Anna Creti & Marianne Verdier, 2011. "Fraud, Investments and Liability Regimes in Payment Platforms," EconomiX Working Papers 2011-31, University of Paris Nanterre, EconomiX.

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