Customary versus Technological. Advancement Tests

Bruno Deffains and Dominique Demougi

Working Papers of BETA from Bureau d'Economie Théorique et Appliquée, UDS, Strasbourg

Abstract: In an environment where the optimal level of care is unknown, we ask under a state of the art defense which method is better able to induce parties to undertake optimal care. Assuming courts can see a noisy signal of research activities undertaken by a defendant and some of its competitors, we ask whether courts should use a biased or unbiased average to compare care. We find that the later is better.

Keywords: Tort law; standard of care; customary test; technological advancement test. (search for similar items in EconPapers)
JEL-codes: K13 (search for similar items in EconPapers)
Date: 2006
New Economics Papers: this item is included in nep-law
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Persistent link: https://EconPapers.repec.org/RePEc:ulp:sbbeta:2006-12

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