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On Avoidance Activities After Accidents
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Tim Friehe
Published/Copyright:
September 2, 2010
This 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.
Published Online: 2010-9-2
©2011 Walter de Gruyter GmbH & Co. KG, Berlin/Boston
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Articles in the same Issue
- Article
- Surprise! Most Blockbuster Jury Awards Are Ignored By The Stock Market
- Garden Leave vs. Covenants Not to Compete
- On Avoidance Activities After Accidents
- Disregarding the Attorney's Advice: An Agency Perspective
- The Efficiency of Comparative Causation
- Does Limited Liability Matter? Evidence From Nineteenth-Century British Banking
- Conviction, Partial Adverse Selection and Labor Market Discrimination
- Criminal Associations with Bargaining and Build Frictions
