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The Economic consequences of liability rules in defense of common law liability by

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Published by Quorum Books in New York .
Written in English



  • United States.


  • Liability (Law) -- Economic aspects -- United States.

Book details:

Edition Notes

Includes bibliographical references (p. [231]-232) and index.

Statementedited by Roger E. Meiners & Bruce Yandle.
ContributionsMeiners, Roger E., Yandle, Bruce.
LC ClassificationsKF1250 .E26 1991
The Physical Object
Paginationvi, 240 p. ;
Number of Pages240
ID Numbers
Open LibraryOL2025444M
ISBN 100899306497
LC Control Number91000185

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His book "Economic Fables" is a similar, more personal, version of Rodrik's "Economics Rules", and a great read as well. (Google Rubinstein's review and read "Economic Fables" in parallel to this book.) Rodrik lays down an eloquent defense of current economic epistemology and an /5(46). Liability rules have significant economic consequences for the party to whom the rule applies, to the injured parties, and to society as a whole. For this reason, the development of liability rules, particularly to determine economically efficient ones, requires that these economic consequences be taken into consideration in addition to any Author: Barbara A. Cherry. The Liability Maze, written and edited by scholars, is a fine volume that should enhance any reader’s understanding of the so-called liability crisis. The book raises more problems than it solves, but that reflects the intricacies of the issue rather than any shortcomings on the part of its authors. The economic effect of an allocation in an LLC’s taxable year is not substantial if the after-tax economic consequences of at least one member may be enhanced compared to such consequences if the allocation were not contained in the agreement, and there is a strong likelihood that the after-tax economic consequences of no member will be.

Liability law has two principal objectives: compensation of parties injured in accidents and deterrence of negligent behavior of potential injurers. Considerable evidence, however, suggests that the current liability system in the United States achieves neither. The system has high transaction costs and fails to compensate injured parties appropriately. ECONOMIC CONSEQUENCES OF ACCOUNTING STANDARDS The Lease Disclosure Rule Change* Eugene A. IMHOFF, Jr. University of Michigan, Ann Arbor, MI , USA Jacob K. THOMAS Columbia University, New York, NY , USA Received May , final version received April Rules, Manual & Fees. The Health Care Services cost containment calculations for the Rule Set are posted below. The boxes below address the seven different methods of calculation used to determine the maximum allowable payment (MAP) for medical care, treatment, procedures and devices under the Michigan Workers' Disability Compensation Act and the Health Care Services Rules. Peter Reuter, The Economic Consequences of Expanded Corporate Liability: An Exploratory Study, v (). The Conference Board, Report No. , Product Liability: The Corporate Response, 2 (). On J , the Council of European Communities adopted the Directive.

24 The Economic Approach to Law. to apply economic analysis systematically to areas of law that do not regulate avowedly economic relationships. One can find earlier glimmerings of all economic approach to the problems of accident and nuisance law that Calabresi and Coase discussed, 3 especially in the work of Pigou, 4 which provided a foil for Coase's analysis; but the earlier work had made. matic one: the physical consequences of negligence usually have been limited, but the indirect economic repercussions of negligence may be far wider, indeed virtually open-ended. 15 As Cardozo put it in a passage often quoted, liability for these consequences would be "liability in an. to products liability examples to evaluate alternative liability rules); Steven Shavell, Strict Liability Versus Negligence, 9 J. L EGAL S TUD. 1, 2–6 () (discussing the efficiency benefits within a strict liability model despite uninformed consumers or misperception). economic analysis of property rights and liability rules has been largely done from an ex post perspective, taking as given the presence of the parties involved and their payoffs. This paper analyzes how such allocation of entitlements affects ex ante investments and actions.