TY  - JOUR
AU  - Polinsky,A. Mitchell
TI  - Strict Liability versus Negligence in a Market Setting
JF  - National Bureau of Economic Research Working Paper Series
VL  - No. 420
PY  - 1980
Y2  - 1980
UR  - http://www.nber.org/papers/w0420
L1  - http://www.nber.org/papers/w0420.pdf
N1  - Author contact info:
A. Mitchell Polinsky
Stanford Law School
Stanford University
Stanford, CA  94305
Tel: 650/723-0886
Fax: 650/723-3557
E-Mail: polinsky@stanford.edu
AB  - This paper formally analyzes strict liability and negligence in a market setting. The discussion emphasizes the impact of the rules on the market price and on the number of firms in the industry. For simplicity, the damage caused by each firm is assumed to be determined only by that firm's "care" (and not also by the firm's output or the victim's behavior).
ER  -