Sollten Haftungsregeln durch Strafen ergänzt werden?

Patrick Schmitz

MPRA Paper from University Library of Munich, Germany

Abstract: This article considers a bilateral externality problem, in which injurers and victims choose activity levels and levels of care. The incentive effects of liability rules and fines for harm done are analyzed. It is shown that in general socially optimal behaviour can only be induced if fines are imposed. However, if collusion between the injurer and the victim is possible, we cannot achieve more with the help of fines than with liability rules alone.

JEL-codes: K1 (search for similar items in EconPapers)
Date: 1997
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Citations: View citations in EconPapers (1)

Published in Jahrbuch für Wirtschaftswissenschaften 3.48(1997): pp. 351-360

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Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:6937

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