Economic analysis of accident law / Steven Shavell.

Includes bibliographical references (pages 301-308) and index.

Introduction -- Liability and deterrence: basic theory -- Liability of firms -- Factors bearing on the determination of negligence -- Causation and scope of liability -- The magnitiude of liability: damages -- Other topics in liability -- The allocation of risk and the theory of insurance -- Liability, risk-bearing, and insurance: basic theory -- Liability, risk-bearing, and insurance: extensions to the basic theory -- Liability and administrative costs -- Liability versus other approaches to the control of risk -- Critical comments.

Print version record.

Accident law, if properly designed, is capable of reducing the incidence of mishaps by making people act more cautiously. Scholarly writing on this branch of law traditionally has been concerned with examining the law for consistency with felt notions of right and duty. Since the 1960s, however, a group of legal scholars and economists have focused on identifying the effects of accident law on people's behavior. Steven Shavell's book is the definitive synthesis of research to date in this new field.

In English.

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