INSURANCE, LIABILITY, AND ACCIDENTS: A THEORETICAL AND EMPIRICAL INVESTIGATION OF THE EFFECT OF NO-FAULT ACCIDENTS

This paper investigates the effect on accidents of removing liability for motor vehicle accident injuries. The first part of the paper shows that compulsory insurance can serve as a substitute for a liability rule, so that no increase in accident losses will occur from restricting liability. The second part of the paper investigates accident losses by state, comparing states that have and have not restricted liability for motor vehicle accident injuries.

• Availability:
  • Find a library where document is available. Order URL: http://worldcat.org/issn/00222168
• Corporate Authors:

  University of Chicago Law School

  1111 East 60th Street
  Chicago, IL  United States  60637
• Authors:
  • LANDES, E M
• Publication Date: 1982-4

Media Info

• Features: Tables;
• Pagination: p. 49-65
• Serial:
  • Journal of Law and Economics
  • Volume: 25
  • Issue Number: 1
  • Publisher: University of Chicago Press
  • ISSN: 0022-2168

Subject/Index Terms

• TRT Terms: Injuries; Insurance; Liability; Losses; No fault insurance; States; Traffic crashes
• Uncontrolled Terms: Motor vehicle accidents
• Subject Areas: Highways; Law; Safety and Human Factors; I80: Accident Studies;

Filing Info

• Accession Number: 00368837
• Record Type: Publication
• Source Agency: National Highway Traffic Safety Administration
• Report/Paper Numbers: HS-033 451
• Files: HSL, TRIS, USDOT
• Created Date: Nov 30 1982 12:00AM