Abstract

The paper considers the efficiency of simple liability rules when there are multiple injurers. It is shown that a necessary and sufficient condition for any simple liability rule to be efficient is that it satisfy the condition of collective negligence liability. The condition of collective negligence liability, introduced in this paper, requires that whenever some individuals are negligent, no nonnegligent individual bears any loss in case of occurrence of accident.

Full Text
Paper version not known

Talk to us

Join us for a 30 min session where you can share your feedback and ask us any queries you have

Schedule a call

Disclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.