Robert D. Cooter is the Herman F. Selvin Professor of Law at the University of California, Berkeley. His books include Solomon's Knot, The Strategic Constitution (both Princeton), and Law and Economics. Ariel Porat is the Alain Poher Professor of Law at Tel Aviv University and the Fischel-Neil Distinguished Visiting Professor of Law at the University of Chicago. His books include Tort Liability under Uncertainty, Torts, and Contributory Fault in the Law of Contracts.
How tort, contract, and restitution law can be reformed to better serve the social goodLawyers, judges, and scholars have long debated whether incentives in tort, contract, and restitution law effectively promote the welfare of society. If these incentives were ideal, tort law would reduce the cost and frequency of accidents, contract law would lubricate transactions, and restitution law would encourage people to benefit others. Unfortunately, the incentives in these laws lead to too many injuries, too little contractual cooperation, and too few unrequested benefits. Getting Incentives Right explains how law might better serve the social good.In tort law, Robert Cooter and Ariel Porat propose that all foreseeable risks should be included when setting standards of care and awarding damages. Failure to do so causes accidents that better legal incentives would avoid. In contract law, they show that making a promise often causes the person who receives it to change behavior and undermine the cooperation between the parties. They recommend several solutions, including a novel contract called "e;anti-insurance."e; In restitution law, people who convey unrequested benefits to others are seldom entitled to compensation. Restitution law should compensate them more than it currently does, so that they will provide more unrequested benefits. In these three areas of law, Getting Incentives Right demonstrates that better law can promote the well-being of people by providing better incentives for the private regulation of conduct.
Robert D. Cooter is the Herman F. Selvin Professor of Law at the University of California, Berkeley. His books include Solomon's Knot, The Strategic Constitution (both Princeton), and Law and Economics. Ariel Porat is the Alain Poher Professor of Law at Tel Aviv University and the Fischel-Neil Distinguished Visiting Professor of Law at the University of Chicago. His books include Tort Liability under Uncertainty, Torts, and Contributory Fault in the Law of Contracts.
| Erscheint lt. Verlag | 23.2.2014 |
|---|---|
| Zusatzinfo | 11 line illus. 4 tables. |
| Verlagsort | Princeton |
| Sprache | englisch |
| Themenwelt | Recht / Steuern ► Allgemeines / Lexika |
| Recht / Steuern ► EU / Internationales Recht | |
| Recht / Steuern ► Privatrecht / Bürgerliches Recht ► Besonderes Schuldrecht | |
| Recht / Steuern ► Privatrecht / Bürgerliches Recht ► Zivilverfahrensrecht | |
| Wirtschaft ► Volkswirtschaftslehre | |
| Schlagworte | Abatement Cost • accidents • adverse selection • All Risks • anti-insurance • Assistance • assistance interest • attention lapse • background risk • Bankruptcy • bargains • beneficiary • Benefits • Breach of Contract • bribery • Calculation • care standards • causal link • Causation • Chapter 11, Title 11, United States Code • Cognitive Bias • collusion • Common Law • common law negligence • comparative fault • Comparative negligence • Compensation • Consideration • Contract • contract law • Contributory negligence • Cost–benefit analysis • Cruise control • Customer • damage mitigation • damages • Deadweight loss • dead-weight losses • decreasing liability contracts • defamation • defendant • Defensive medicine • Deterrence (legal) • Discontinuity • Disgorgement damages • double responsibility • Duty of care • Economic Efficiency • economist • Employment • equalization principle • Eric Posner • excessive harm • expanded duty of restitution • Expectation damages • Expense • Externality • Externalization • foreground risk • Fraud • free rider problem • gains • General Contractor • Gross negligence • Harm • Incentives • inefficiency • injunction • insurance • insurance policy • Internalization • joint risks • lapse defense • lapses • law and economics • law firm • Lawsuit • Learned Hand formula • Legal burden of proof • Legal Doctrine • Legal remedy • Liability • liability externalities • liability law • liquidated damages • losses • malpractice • mandatory choices • Marginal cost • Marginal value • market liquidity • misalignment • misconduct • Moral Hazard • negligence • negligence law • negligence per se • net burden • net damages • Net Payoff • No liability • nonlegal sanctions • nuisance • opportunity cost • optimal harm • paradox of compensation • Payment • Performance • phased contracts • Physician • plaintiff • pollution • Positive Externalities • precautions • Prices • Pricing • private law • private supply • Product Liability • progress payment contracts • proportionate liability • Proximate cause • Public Good • public goods • Punitive damages • quality control • Reasonable Person • Renegotiations • Requirement • Restitution • restitution law • result • Risk • Risk Aversion • Risk of loss • Risks • Sanctions • Sanctions (law) • seat belt • self-risk • Social Cost • Social Costs • social harm • Specific Performance • speed limit • Standards of care • Statute • stipulation • strict liability • strict total liability • Subcontractor • Subsidy • Substitution • Supply (economics) • surprises • Tax • theory of restitution • Title (property) • Tort • Tort law • Total Cost • total harm • total liability • transaction cost • unaccounted risks • unavoidable accidents • unavoidable harm • unjust enrichment • unrequested benefits • Value • victims • Warranty • wrongdoing • Wrongful death claim |
| ISBN-10 | 1-4008-5039-8 / 1400850398 |
| ISBN-13 | 978-1-4008-5039-6 / 9781400850396 |
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