The Economic Consequences of Liability Rules: In Defense of Common Law Liability

by Roger E. Meiners and Bruce Yandle

Written by specialists in law and economics, this book studies the role of liability rules in an effort to illustrate the possible consequences of statutory tampering with them. The contributors explain how statutory and common law liability rules evolved, how they work in current practice, and how changes in rules can alter economic outcomes in significant and unintended ways. Although price theory is the primary analytical tool employed in the...

• Format: Hardcover
• Language: English
• ISBN: 0899306497
• ISBN13: 9780899306490
• Release Date: July 1991
• Publisher: Praeger
• Length: 256 Pages
• Weight: 1.16 lbs.
• Dimensions: 0.6" x 6.1" x 9.2"