The literature on the economic analysis of tort law is rich in relation to that on many other areas of law and the study of precautionary incentives is in most instances at its heart. The already large number of contributions in this realm is hinted at in Chapter 2. This literature is relatively extensive — inter alia — due to the societal importance of the activities affected by tort law. However, from an absolute level in relation to other areas of interest in economics, the investigations presented are still relatively few in number and leave many interesting topics uncovered. Our own analyses fill some of these gaps left by previous literature. The main thread of the studies presented was the attainment of optimal care-taking by designing individual incentives using the instruments available in tort law as tools. Let us briefly recapitulate in which respects we contribute to the literature surveyed in Chapter 2.
KeywordsAvoidance Activity Administrative Cost Punitive Damage Liability Rule Main Thread
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