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A Public Choice Analysis of the Evolution of Tort Law
Author(s) -
Miceli Thomas J.,
Segerson Kathleen
Publication year - 1993
Publication title -
american journal of economics and sociology
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.199
H-Index - 38
eISSN - 1536-7150
pISSN - 0002-9246
DOI - 10.1111/j.1536-7150.1993.tb02744.x
Subject(s) - analogy , tort , product liability , strict liability , liability , product (mathematics) , economics , law , law and economics , business , actuarial science , political science , philosophy , mathematics , epistemology , geometry
A bstract . In contrast to the article by W. Harris, it is contended that in the area of product liability a rule of strict liability is not necessarily less efficient than a negligence rule and an analogy between product liability cases and lotteries is not appropriate.