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On Tort as an Implicit Insurance System with State-Dependent Utility. The Case of Child Mortality Risk


  • Clive D. Fraser


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  • Clive D. Fraser, "undated". "On Tort as an Implicit Insurance System with State-Dependent Utility. The Case of Child Mortality Risk," Discussion Papers in Public Sector Economics 96/4, Department of Economics, University of Leicester.
  • Handle: RePEc:lec:lpserc:96/4

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    References listed on IDEAS

    1. Fraser, Clive D., 1984. "Optimal compensation for potential fatality," Journal of Public Economics, Elsevier, vol. 23(3), pages 307-332, April.
    2. Gary S. Becker, 1981. "A Treatise on the Family," NBER Books, National Bureau of Economic Research, Inc, number beck81-1, January.
    3. Robert D. Cooter, 1991. "Economic Theories of Legal Liability," Journal of Economic Perspectives, American Economic Association, vol. 5(3), pages 11-30, Summer.
    4. Philip J. Cook & Daniel A. Graham, 1977. "The Demand for Insurance and Protection: The Case of Irreplaceable Commodities," The Quarterly Journal of Economics, Oxford University Press, vol. 91(1), pages 143-156.
    5. George L. Priest, 1991. "The Modern Expansion of Tort Liability: Its Sources, Its Effects, and Its Reform," Journal of Economic Perspectives, American Economic Association, vol. 5(3), pages 31-50, Summer.
    6. repec:bin:bpeajo:v:24:y:1993:i:1993-1m:p:133-196 is not listed on IDEAS
    7. Viscusi, W Kip & Evans, William N, 1990. "Utility Functions That Depend on Health Status: Estimates and Economic Implications," American Economic Review, American Economic Association, vol. 80(3), pages 353-374, June.
    8. Becker, Gary S & Murphy, Kevin M, 1988. "The Family and the State," Journal of Law and Economics, University of Chicago Press, vol. 31(1), pages 1-18, April.
    9. Manning, Richard L, 1994. "Changing Rules in Tort Law and the Market for Childhood Vaccines," Journal of Law and Economics, University of Chicago Press, vol. 37(1), pages 247-275, April.
    10. Fraser, C., 1995. "Risk, Insurance and the Demand for Irreplaceable Commodities, the Case of Children," The Warwick Economics Research Paper Series (TWERPS) 433, University of Warwick, Department of Economics.
    11. Fraser, Clive D., 1995. "Misperceived job hazards and welfare," Journal of Public Economics, Elsevier, vol. 56(1), pages 97-123, January.
    12. Calfee, John E & Rubin, Paul H, 1992. "Some Implications of Damage Payments for Nonpecuniary Losses," The Journal of Legal Studies, University of Chicago Press, vol. 21(2), pages 371-411, June.
    13. Luce, R Duncan & Krantz, David H, 1971. "Conditional Expected Utility," Econometrica, Econometric Society, vol. 39(2), pages 253-271, March.
    14. Michael Spence, 1977. "Consumer Misperceptions, Product Failure and Producer Liability," Review of Economic Studies, Oxford University Press, vol. 44(3), pages 561-572.
    15. Frech, H. III, 1994. "State-dependent utility and the tort system as insurance: Strict liability versus negligence," International Review of Law and Economics, Elsevier, vol. 14(3), pages 261-271, September.
    16. Nelson, Julie A, 1993. "Household Equivalence Scales: Theory versus Policy?," Journal of Labor Economics, University of Chicago Press, vol. 11(3), pages 471-493, July.
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    Cited by:

    1. Hoffmann, Sandra & Hanemann, W. Michael, 2005. "Torts and the Protection of "Legally Recognized" Interests," Discussion Papers dp-05-21, Resources For the Future.

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