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Decomposition of Accident Loss and Efficiency of Negligence Rule

Satish K. Jain and Rajendra P. Kundu

in Dimensions of Economic Theory and Policy: Essays for Anjan Mukherji

Published in print:
2011
Published Online:
September 2012
ISBN:
9780198073970
eISBN:
9780199081615
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/acprof:oso/9780198073970.003.0014
Subject:
Economics and Finance, Microeconomics

Negligence rule is a commonly used liability rule for apportioning accident loss between victim and injurer. Under the negligence rule, the entire accident loss is borne by the injurer if he is ... More


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