A Fundamental Enforcement Cost Advantage of the Negligence Rule over Regulation
NBER Working Paper No. 18418
---- 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.