Tort Law and The Efficient Control of Externalities with Multiple Defendants
It has been widely argued that tort law can provide an effective decentralizes mechanism by which a socially optimal level of externality control can be achieved. I reconsider this argument in the very common situation in which there are multiple contributors to an incident of external damages, and the court assigns responsibility for damages based on each party's proportionate contribution to the externality. In this situation a strict liability law leads to short and long run efficiency only when the damage functioin is a straight line out of the origin.
To our knowledge, this item is not available for
download. To find whether it is available, there are three
1. Check below under "Related research" whether another version of this item is available online.
2. Check on the provider's web page whether it is in fact available.
3. Perform a search for a similarly titled item that would be available.
|Date of creation:||1998|
|Contact details of provider:|| Postal: Guelph, Ontario, N1G 2W1|
Phone: (519) 824-4120 ext. 53898
Fax: (519) 763-8497
Web page: https://www.uoguelph.ca/economics/
More information through EDIRC
When requesting a correction, please mention this item's handle: RePEc:gue:guelph:1998-1. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Stephen Kosempel)
If references are entirely missing, you can add them using this form.