On Avoidance Activities After Accidents
AbstractThis paper allows for avoidance activities in the accident setting and analyzes how this affects the evaluation of uncertain due care standards and of different negligence conceptions from an efficiency perspective. Importantly, our analysis also shows that punitive damages, i.e., damages above the harm incurred, can be welfare-reducing if injurers can choose avoidance.
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Bibliographic InfoArticle provided by De Gruyter in its journal Review of Law & Economics.
Volume (Year): 6 (2010)
Issue (Month): 2 (September)
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Web page: http://www.degruyter.com
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- Baumann, Florian & Friehe, Tim, 2012.
"Optimal damages multipliers in oligopolistic markets,"
DICE Discussion Papers
80, Heinrich‐Heine‐Universität Düsseldorf, Düsseldorf Institute for Competition Economics (DICE).
- Florian Baumann & Tim Friehe, 2012. "Optimal Damages Multipliers in Oligopolistic Markets," Working Paper Series of the Department of Economics, University of Konstanz 2012-08, Department of Economics, University of Konstanz.
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