000 03069nam a22004815i 4500
003 DE-He213
005 20151013141925.0
007 cr nn 008mamaa
008 141201s2015 ii | s |||| 0|eng d
020 _a9788132220299
_9978-81-322-2029-9
024 7 _a10.1007/978-81-322-2029-9
_2doi
050 4 _aHB73
072 7 _aLBBM
_2bicssc
072 7 _aLNC
_2bicssc
072 7 _aLAW014000
_2bisacsh
082 0 4 _a330
_223
100 1 _aJain, Satish Kumar.
_eauthor.
245 1 0 _aEconomic Analysis of Liability Rules
_h[electronic resource] /
_cby Satish Kumar Jain.
260 1 _aNew Delhi :
_bSpringer India :
_bImprint: Springer,
_c2015.
300 _aIX, 180 p. 8 illus.
_bonline resource.
336 _atext
_btxt
_2rdacontent
337 _acomputer
_bc
_2rdamedia
338 _aonline resource
_bcr
_2rdacarrier
347 _atext file
_bPDF
_2rda
505 0 _aChapter 1. Introduction -- Chapter 2. Efficiency Criteria -- Chapter 3. The Structure of Efficient Liability Rules -- Chapter 4. Decoupled Liability and Efficiency -- Chapter 5. Negligence as Failure to Take Some Cost-Justified Precaution -- Chapter 6. The Structure of Incremental Liability Rules -- Chapter 7. The Negligence Rule -- Chapter 8. Decomposition of Loss and a Class of Negligence Rules -- Chapter 9. Multiple Injurers and Victims -- Chapter 10. Epilogue.
520 _aThis book focuses on the analysis of liability rules of tort law from an efficiency perspective, presenting a comprehensive analysis of these rules in a self-contained and rigorous yet accessible manner. It establishes general results on the efficiency of liability rules, including complete characterizations of efficient liability rules and efficient incremental liability rules. The book also establishes that the untaken precaution approach and decoupled liability are incompatible with efficiency. The economic analysis of tort law has established that for efficiency it is necessary that each party to the interaction must be made to internalize the harm resulting from the interaction. The characterization and impossibility theorems presented in this book establish that, in addition to internalization of the harm by each party, there are two additional requirements for efficiency. Firstly, rules must be immune from strategic manipulation. Secondly, rules must entail closure with respect to the parties involved in the interaction giving rise to the negative externality, i.e., the liability must not be decoupled.
650 0 _aEconomics.
650 0 _aCivil Law.
650 0 _aCriminal Law.
650 0 _aCommercial law.
650 1 4 _aEconomics/Management Science.
650 2 4 _aLaw and Economics.
650 2 4 _aCivil Procedure Law.
650 2 4 _aCriminal Law.
650 2 4 _aEconomic Theory.
710 2 _aSpringerLink (Online service)
773 0 _tSpringer eBooks
776 0 8 _iPrinted edition:
_z9788132220282
856 4 0 _uhttp://dx.doi.org/10.1007/978-81-322-2029-9
912 _aZDB-2-SBE
942 _2ddc
_cEBOOK
999 _c3490
_d3490