Liability and information transmission: the advantage of negligence based rules

E. Feess; Ansgar Wohlschlegel

doi:10.1016/j.econlet.2006.01.023

Liability and information transmission: the advantage of negligence based rules

E. Feess, Ansgar Wohlschlegel

Research output: Contribution to journal › Article › peer-review

Abstract

It is usually taken for granted that strict liability is superior to negligence for unilateral accidents. We show that the contrary holds if some potential injurers and the court have inferior information about expected accident costs, as negligence standards may serve as an information transmission device.

Original language	English
Pages (from-to)	63-67
Number of pages	5
Journal	Economics Letters
Volume	92
Issue number	1
DOIs	https://doi.org/10.1016/j.econlet.2006.01.023
Publication status	Published - 2006

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title = "Liability and information transmission: the advantage of negligence based rules",

abstract = "It is usually taken for granted that strict liability is superior to negligence for unilateral accidents. We show that the contrary holds if some potential injurers and the court have inferior information about expected accident costs, as negligence standards may serve as an information transmission device.",

author = "E. Feess and Ansgar Wohlschlegel",

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journal = "Economics Letters",

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DO - 10.1016/j.econlet.2006.01.023

M3 - Article

SN - 0165-1765

VL - 92

SP - 63

EP - 67

JO - Economics Letters

JF - Economics Letters

IS - 1

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Liability and information transmission: the advantage of negligence based rules

Abstract

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