WebbCorrelated Values in the Theory of Property and Liability Rules, 32 J. L. EGAL . S. TUD. 121 (2003) [hereinafter Ayres & Goldbart, Correlated Values ... Kaplow & Shavell, supra. note 2, at 715. 7. Much of the literature focuses on injunctions, but the other remedies mentioned in the text have similar deterrent effects. See, e ... Webbassessment costs. See Kaplow & Shavell, supra note 5, at 724-37, 759-64 (arguing that as long as courts can estimate average harm within class of cases, even inaccurate liability rules are superior to property rules, but conceding that liability rules may lose their advantage if judicial estimates of harm are
Introduction: Property Rules as Remedies - Yale University
WebbSteven Shavell graduated from the University of Michigan in 1968. He obtained a Ph.D. in economics from MIT in 1973. Shavell is working on the economic analysis of law, … WebbKaplow and Shavell, Property Rules versus Liability Rules: An Economic Analysis a. Economically, regardless of the assessment costs, it is still economically advantageous to have liability. b. The judge’s best guess, even if wrong, is on average going to result in more efficient use of resources than the property rule. c. ginger celebrity men
Law and Economics - Page 3 of 5 - Harvard Law Review
WebbLouis Kaplow, Steven Shavell National Bureau of Economic Research, 1999 - Civil law - 97 pages 0 Reviews Reviews aren't verified, but Google checks for and removes fake content when it's... Webb1 feb. 2003 · Louis Kaplow and Stven Shavell have shown that liability rules tend to efficiently harness the defendant’s private information when courts are imperfectly … Webb9 See Guido Calabresi & A. Douglas Melamed, Property Rules, Liability Rules and Inal- ... (1995); and Louis Kaplow & Steven Shavell, Property Rules versus Liability Rules: An Economic Analysis, 109 Harv. L. Rev. 713, 715 (1996). 10 See Calabresi & Melamed, supranote 9, at 1092–93; Kaplow & Shavell, note 9, at 715. dispute resolution S183 ginger chambers west texas series