[go: up one dir, main page]
More Web Proxy on the site http://driver.im/
IDEAS home Printed from https://ideas.repec.org/p/uca/ucaiel/16.html
   My bibliography  Save this paper

A free-market view on accidents and torts

Author

Listed:
  • Colombatto, Enrico
Abstract
This paper analyzes the role of uncertain costs and liability in the free market context and compares it with Calabresi’s approach. Contrary to the mainstream literature, the free-market view claims that property rights should not be tampered with, that the tort-feasor should always be held liable and that the presence of unknown costs (accidents) makes no difference. In particular, bad luck is not enough to justify a claim on society. It is observed that Calabresi reaches the same conclusions as far as non-accidental costs are concerned, but tends to diverge from the free-market position in the presence of accidents. These views are illustrated by examining the respondeat superior doctrine and their implications are further developed by considering the case for unlimited liability.

Suggested Citation

  • Colombatto, Enrico, 2013. "A free-market view on accidents and torts," IEL Working Papers 16, Institute of Public Policy and Public Choice - POLIS.
    • Handle: RePEc:uca:ucaiel:16
    as

    Download full text from publisher

    File URL: https://drive.google.com/file/d/1BCrnU-9n9VnWhI11zqADVdpgkgMOyaFm/view?usp=sharing
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Sven-Olof Collin, 1996. "Bad Losers: An Investigation of the Morality of the Limited Liability of Shareholders in a Joint Stock Company," Journal of Economic Issues, Taylor & Francis Journals, vol. 30(1), pages 283-289, March.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.

      More about this item

      Keywords

      accidents; respondeat superior; unlimited liability; social responsibility;
      All these keywords.

      JEL classification:

      • K10 - Law and Economics - - Basic Areas of Law - - - General (Constitutional Law)
      • K13 - Law and Economics - - Basic Areas of Law - - - Tort Law and Product Liability; Forensic Economics

      NEP fields

      This paper has been announced in the following NEP Reports:

      Statistics

      Access and download statistics

      Corrections

      All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:uca:ucaiel:16. See general information about how to correct material in RePEc.

      If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

      If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

      If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

      For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Lucia Padovani (email available below). General contact details of provider: https://www.digspes.uniupo.it .

      Please note that corrections may take a couple of weeks to filter through the various RePEc services.

      IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.