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.
- liability rules,
- unilateral care,
- strict liability,
- no liability,
Available at: http://works.bepress.com/rpkundu/7/