Construct · 1 fields · 1 citations

judgment proof problem: a standalone construct

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

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Tort law

the weakening of liability incentives when an injurer's assets are too small to pay the full harm it causes.

In tort law, judgment proof problem refers to the weakening of liability incentives when an injurer's assets are too small to pay the full harm it causes. This meaning comes from Shavell (1986) in Huebner International Series on Risk, Insurance and Economic Security.[1]

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Nearby constructs

harm2 fields · 2 citationsjingle · one word, two carriers judgment2 fields · 4 citationsjingle · one word, two constructs liability2 fields · 2 citationsjingle · one word, two constructs

References

Shavell, S. (1986). The Judgment Proof Problem. In Huebner International Series on Risk, Insurance and Economic Security (pp. 341-354). Springer Netherlands. https://doi.org/10.1007/978-94-015-7957-5_17

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