A General Accident Model for Risky Activities

Gerard Mondello

No 2022-12, GREDEG Working Papers from Groupe de REcherche en Droit, Economie, Gestion (GREDEG CNRS), Université Côte d'Azur, France

Abstract: The efficiency criterion (the highest level of care at the lowest accident cost) governs the comparison of performance between strict liability and negligence. This view stems from the initial standard accident model which under ideal conditions, ensures equivalence among liability regimes and assumes their potential substitutability. We develop a more general accident model which retains the neutral to risk assumption by assuming divergent views among the parties about the scale of the damages. Efficiency then no longer appears a sufficient relevant criterion to compare liability regimes. Consequently, each belongs to a specific field: Ultra-hazardous activities in the case of strict liability and the remaining areas of negligence. Length: 23 pages

Keywords: Tort law; Law & Economics; Unilateral accident model; Risk; Safety; Strict liability; Negligence; Ultra-hazardous activities (search for similar items in EconPapers)
JEL-codes: D62 K13 K23 K32 Q52 Q58 (search for similar items in EconPapers)
Date: 2022-05, Revised 2023-04
New Economics Papers: this item is included in nep-env
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Persistent link: https://EconPapers.repec.org/RePEc:gre:wpaper:2022-12

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