Foundations of Law and Economics
The Cost of Accidents: A Legal and Economic Analysis
Guido Calabresi
- Year
- 1970
- Venue
- Yale University Press
- Level
- Advanced
Summary
Develops a general framework for accident law by treating accident losses, accident-prevention expenditures, administrative costs, and fairness constraints as connected institutional choices. The book asks who should bear accident costs, how those costs should be valued, and which liability or insurance arrangements can reduce total accident costs without ignoring distributional and moral limits.
Citation
Guido Calabresi. "The Cost of Accidents: A Legal and Economic Analysis." Yale University Press, 1970.
BibTeX
@book{Calabresi1970The,
title = {The Cost of Accidents: A Legal and Economic Analysis},
author = {Guido Calabresi},
year = {1970},
publisher = {Yale University Press},
url = {https://yalebooks.yale.edu/9780300011159/the-cost-of-accidents/}
}