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Erratum to 'On the Joint Use of Liability and Safety Regulation': [International Review of Law and Economics (2000), 20, 371-382]

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  • Schmitz, P. W.

Abstract

The efficiency of two different means of controlling hazardous economic activities, namely ex post liability for harm done and ex ante safety regulation, is re-examined. Some researchers have stressed that the complementary use of these two instruments can be socially advantageous. Here it is argued that the models which have been built in order to support this view crucially depend on the assumption that there are persistent enforcement errors. It is demonstrated that such a rather unsatisfactory assumption is not needed if wealth varies among injurers.
(This abstract was borrowed from another version of this item.)
(This abstract was borrowed from another version of this item.)

Suggested Citation

  • Schmitz, P. W., 2000. "Erratum to 'On the Joint Use of Liability and Safety Regulation': [International Review of Law and Economics (2000), 20, 371-382]," International Review of Law and Economics, Elsevier, vol. 20(4), pages 575-575, December.
    • Handle: RePEc:eee:irlaec:v:20:y:2000:i:4:p:575-575
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    Cited by:

    1. Emeric Henry & Marco Loseto & Marco Ottaviani, 2022. "Regulation with Experimentation: Ex Ante Approval, Ex Post Withdrawal, and Liability," Management Science, INFORMS, vol. 68(7), pages 5330-5347, July.

    More about this item

    JEL classification:

    • L51 - Industrial Organization - - Regulation and Industrial Policy - - - Economics of Regulation
    • K13 - Law and Economics - - Basic Areas of Law - - - Tort Law and Product Liability; Forensic Economics
    • K10 - Law and Economics - - Basic Areas of Law - - - General (Constitutional Law)

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