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Contribution to Book
Efficiency of Liability Rules: An Experimental Analysis in India
Law and Economics (2013)
  • Sanmitra Ghosh, Jadavpur University
  • Rajendra P Kundu, Jawaharlal Nehru University
Abstract

The paper presents the results of an experiment which was conducted to analyze the question of efficiency of liability rules in the context of interaction between two parties in which only the injurer, by taking care, can affect the expected loss of accident. Analysis of the data obtained from the experiment shows that the behaviour of the subjects were not in conformity with the predictions of the theoretical model.

Keywords
  • liability rules,
  • unilateral care,
  • efficiency,
  • strict liability,
  • no liability,
  • experiments
Disciplines
Publication Date
February, 2013
Editor
Shubhashis Gangopadhyay and V Santhakumar
Publisher
Sage
ISBN
9788132110095
Citation Information
Sanmitra Ghosh and Rajendra P Kundu. "Efficiency of Liability Rules: An Experimental Analysis in India" FirstLaw and Economics Vol. II (2013)
Available at: http://works.bepress.com/rpkundu/7/