Liability and information transmission: The advantage of negligence based rules

被引:9
作者
Feess, Eberhard [1 ]
Wohschlegel, Ansgar [1 ]
机构
[1] Univ Aachen, Dept Microecon, D-52062 Aachen, Germany
关键词
liability rules; negligence; rational expectations;
D O I
10.1016/j.econlet.2006.01.023
中图分类号
F [经济];
学科分类号
02 ;
摘要
It is usually taken for granted that strict liability is superior to negligence for unilateral accidents. We show that the contrary holds if some potential injurers and the court have inferior information about expected accident costs, as negligence standards may serve as an information transmission device. (c) 2006 Elsevier B.V All rights reserved.
引用
收藏
页码:63 / 67
页数:5
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