Construct · 1 fields · 1 citations

decoupled liability: a standalone construct

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Law and economics

setting what a defendant pays apart from what the plaintiff receives, so incentives for care are kept while incentives to litigate are reduced.

In law and economics, decoupled liability refers to setting what a defendant pays apart from what the plaintiff receives, so incentives for care are kept while incentives to litigate are reduced. This meaning comes from Polinsky (1991) in The RAND Journal of Economics.[1]

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Nearby constructs

liability2 fields · 2 citationsjingle · one word, two constructs rand1 fields · 1 citationsanchor · a standalone construct

References

Polinsky, A. M., & Che, Y. (1991). Decoupling Liability: Optimal Incentives for Care and Litigation. The RAND Journal of Economics, 22(4), 562. https://doi.org/10.2307/2600989

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