Construct · 1 fields · 1 citations

accident cost reduction: a standalone construct

One name. One construct. A landmark on the map.

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Law and economics

the framework treating accident law as reducing the sum of accident costs, the costs of spreading losses and the administrative costs of the system.

In law and economics, accident cost reduction refers to the framework treating accident law as reducing the sum of accident costs, the costs of spreading losses and the administrative costs of the system. This meaning comes from Calabresi (1970) in The costs of accidents.[1]

Unit
Recovery means
Measured by

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Nearby constructs

accident3 fields · 4 citationsjingle · one word, three constructs cost4 fields · 4 citationsjingle · one word, four constructs reduction5 fields · 5 citationsjingle · one word, five constructs

References

Calabresi, G. (1970). The costs of accidents. Yale University Press. ISBN 9780300011142

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