Ewerhart, Christian and Schmitz, Patrick W. (1998): Ex Post Liability for Harm vs. Ex Ante Safety Regulation: Substitutes or Complements? Comment.
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Kolstad, Ulen and Johnson (1990) have conjectured that exclusive use of negligence liability leads to suboptimal choice of precaution in the presence of uncertainty and that ex ante regulation can correct these inefficiencies. We complete their argument by making a mild additional premise.
|Item Type:||MPRA Paper|
|Original Title:||Ex Post Liability for Harm vs. Ex Ante Safety Regulation: Substitutes or Complements? Comment|
|Keywords:||Liability; Safety Regulation|
|Subjects:||K - Law and Economics > K1 - Basic Areas of Law > K10 - General|
|Depositing User:||Patrick W. Schmitz|
|Date Deposited:||17. Feb 2009 05:10|
|Last Modified:||12. Feb 2013 22:55|
Kolstad, Charles D., Ulen, Thomas S. and Johnson, Gary V., "Ex Post Liability for Harm vs. Ex Ante Safety Regulation: Substitutes or Complements?" American Economic Review, September 1990, 80, 888-901.
Shavell, Steven, Economic Analysis of Accident Law, Cambridge, MA: Harvard University Press, 1987.