NATIONAL BUREAU OF ECONOMIC RESEARCH
NATIONAL BUREAU OF ECONOMIC RESEARCH

A Fundamental Enforcement Cost Advantage of the Negligence Rule over Regulation

Steven Shavell

NBER Working Paper No. 18418
Issued in September 2012

---- Acknowledgements -----

I thank Jennifer Arlen, Ryan Bubb, Louis Kaplow, Henrik Lando, Peter Menell, Geoffrey Miller, A. Mitchell Polinsky, Richard Posner, and David Rosenberg for comments, Minal Caron, Sarah M. Evans, and James McGinnis for research assistance, and the John M. Olin Center for Law, Economics, and Business at Harvard Law School for research support. The views expressed herein are those of the author and do not necessarily reflect the views of the National Bureau of Economic Research.

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