Economics, Econometrics and Finance
8 years ago

Tort law overhaul sparks societal shift towards safer corporate behavior.

Michigan Law Review
Corporate Behavior and the Social Efficiency of Tort Law
John A. Siliciano

Paper Summary

The tort system is defended for various reasons, including compensating victims, spreading accident costs, and deterring risky behavior. Recently, these reasons have come together to show that tort law encourages socially beneficial choices between risk and safety.

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