Construct · 1 fields · 1 citations

liability versus regulation: a standalone construct

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liability versusregulation1 CONSTRUCTLiability versusSHAVELL · LAW AND ECONOMICS

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Law and economics

the choice between controlling risk through after-the-fact lawsuits or before-the-fact safety rules, depending on information and the injurer's ability to pay.

In law and economics, liability versus regulation refers to the choice between controlling risk through after-the-fact lawsuits or before-the-fact safety rules, depending on information and the injurer's ability to pay. This meaning comes from Shavell (1984) in The Journal of Legal Studies.[1]

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Nearby constructs

liability versus safety regulation1 fields · 1 citationsanchor · a standalone constructinformation4 fields · 5 citationsjingle · one word, four constructsliability2 fields · 2 citationsjingle · one word, two constructs

References

  1. Shavell, S. (1984). Liability for Harm versus Regulation of Safety. The Journal of Legal Studies, 13(2), 357-374. https://doi.org/10.1086/467745

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