Comparative Causation -- A Re-examination

Ram Singh ()

No 139, Working papers from Centre for Development Economics, Delhi School of Economics

Abstract: Negligence-based liability has been justified on the grounds of its efficiency properties. However, this approach towards liability assignment has been criticized in several recent writings. In a series of articles, causation-based apportionment of liability has been recommended, as an alternative basis for liability assignment. In an interesting paper, Parisi and Fon (2004) have studied various properties of the causation-based liability. In this paper, I review some of their propositions. The main aim of the paper, however, is to investigate the implications of the ‘alternative’ specification of liability. The paper shows that a combination of negligence-based and causation-based liability makes the diligence strategies dominant choice for the agents.

Keywords: liability rules; negligence-based liability; causation-based liability; comparative causation; economic efficiency (search for similar items in EconPapers)
JEL-codes: K13 (search for similar items in EconPapers)
Pages: 23 pages
Date: 2005-08
New Economics Papers: this item is included in nep-reg
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