The Economic Consequences of Liability Rules

In Defense of Common Law Liability
Herausgeber: Meiners, Roger E.; Yandle, Bruce

• Gebundenes Buch

Produktbeschreibung

Written by specialists in law and economics, this book studies the role of liability rules in an effort to illustrate the possible consequences of statutory tampering with them. The contributors explain how statutory and common law liability rules evolved, how they work in current practice, and how changes in rules can alter economic outcomes in significant and unintended ways. Although price theory is the primary analytical tool employed in the study, the contributors also provide a wealth of institutional detail intended to illuminate the structure and operation of forces at work when questions of product or service liability arise. Throughout, the contributors focus on the effects of individual decision making: how incentives faced by individuals are affected by liability rules and how the collective actions of purposeful individuals working in private markets and through the political process affect social outcomes. Among the specific topics addressed are using liability rules to deter government takings, the impact of government liability on private risk avoidance, the allocation of product liability by market share, liability and environmental quality, the effects of the flammability rule, deposit insurance and the savings and loan fiasco, and the political debate over automobile air bags. The contributors conclude that attempts to remedy alleged defects in the common law by legislative edict are not well grounded. Ideal as supplemental reading for courses in business and government, this volume will also be of significant interest to students of law and economics.

---

Hinweis: Dieser Artikel kann nur an eine deutsche Lieferadresse ausgeliefert werden.

Produktdetails

• Verlag: Praeger
• Seitenzahl: 250
• Erscheinungstermin: 30. Juli 1991
• Englisch
• Abmessung: 240mm x 161mm x 18mm
• Gewicht: 545g
• ISBN-13: 9780899306490
• ISBN-10: 0899306497
• Artikelnr.: 25614215

Autorenporträt

Roger Meiners, Bruce Yandle

Inhaltsangabe

Addressing the "Liability Crisis" by Roger E. Meiners and Bruce Yandle
Common Law, Statute Law, and Liability Rules by Robert J. Staaf and Bruce
Yandle Do Liability Rules Deter Takings? by David D. Haddock and Fred S.
McChesney The Impact of Government Liability on Private Risk Avoidance by
James L. Huffman An Incentive to Avoid or Create Risks: Market Share
Liability by Robert J. Staaf and Bruce Yandle Deep Pockets, Insurance, and
Taxes: The Implications of Uncertainty versus Risk for Product Liability
Cases by Robert J. Staaf Liability and Environmental Quality by Hugh H.
Macaulay Rules of Liability and the Demise of Superfund by Bruce Yandle
Consumer Protection, Government Liability, and the Flammability Rule by
Gordon Shuford and Bruce Yandle Deposit Insurance, Liability, and the S&L
Mess by Roger E. Meiners and Bruce Yandle Insurers, Auto Makers, and the
Political Debate over Air Bags by Robert Kneuper Selected Bibliography
Index