THE COSTS OF ACCIDENTS; A LEGAL AND ECONOMIC ANALYSIS

A FRAMEWORK IS DEVELOPED FOR EVALUATING DIFFERENT SYSTEMS OF ACCIDENT LAW. DEFINING THE GOAL OF ACCIDENT LAW AS THE MAXIMUM REDUCTION OF ACCIDENT AND ACCIDENT AVOIDANCE COSTS THAT CAN BE ACHIEVED FAIRLY, THE AUTHOR EXAMINES THE POLITICAL AND ECONOMIC CHOICES IMPLIED IN VARIOUS APPROACHES TO REDUCING THESE COSTS. TWO FUNDAMENTAL PROBLEMS ARE CONSIDERED: WHO SHOULD BE HELD RESPONSILBE FOR ACCIDENT COSTS AND HOW SHOULD THEY BE VALUED. THE FAULT-INSURANCE SYSTEM IS ANALYZED AND FOUND WANTING ON GROUNDS BOTH OF COST REDUCTION OBJECTIVES AND FAIRNESS. RECENT PROPOSALS FOR REFORM OF THE LAW ARE DISCUSSED. /AUTHOR/

• Corporate Authors:

  YALE UNIVERSITY PRESS

  NEW HAVEN,
  ,    
• Authors:
  • CALABRESI, G
• Publication Date: 1970

Subject/Index Terms

• TRT Terms: Case studies; Costs; Economic analysis; Laws; Legal documents; Legal responsibility; Traffic crashes
• Old TRIS Terms: Legal studies
• Subject Areas: Economics; Finance; Highways; Law; Safety and Human Factors;

Filing Info

• Accession Number: 00220959
• Record Type: Publication
• Report/Paper Numbers: 340 pp
• Files: TRIS
• Created Date: Aug 3 1970 12:00AM