Analytical Methods - Folge 11: Law and Economics III

Law and Economics III - Tort law and legal practice; The crisis of
tort law; Costs of the US tort system; The history of liability law
and economics; Liability standards; Tort law as a complement to
contract law; Factors influencing the efficiency of liability
standards; Damage costs; Liability (only) for damages intentionally
caused; Negligence liability; The Hand rule; Strict liability;
Identifying the optimal precaution level; Contributory vs.
comparative negligence; Practical problems with the negligence rule
and the strict liability; Which liability rule to choose?; Optimal
liability standard; Liability and administratives costs.