Steven Shavell

Harvard Law School

Director, John M. Olin Center for Law, Economics, and Business, Samuel R. Rosenthal Professor of Law and Economics

1575 Massachusetts

Hauser 406

Cambridge, MA 02138

United States

National Bureau of Economic Research (NBER)

1050 Massachusetts Avenue

Cambridge, MA 02138

United States

SCHOLARLY PAPERS

108

DOWNLOADS
Rank 303

SSRN RANKINGS

Top 303

in Total Papers Downloads

47,794

CITATIONS
Rank 46

SSRN RANKINGS

Top 46

in Total Papers Citations

3,831

Scholarly Papers (108)

1.
Downloads 3,510 ( 2,471)
Citation 232

Economic Analysis of Contract Law

Harvard Law and Economics Discussion Paper No. 403
Number of pages: 74 Posted: 20 Feb 2003
Steven Shavell
Harvard Law School
Downloads 3,397 (2,559)
Citation 232

Abstract:

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Economic Analysis of Contract Law

NBER Working Paper No. w9696
Number of pages: 74 Posted: 19 May 2003 Last Revised: 01 Nov 2010
Steven Shavell
Harvard Law School
Downloads 113 (226,657)
Citation 232

Abstract:

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2.
Downloads 3,409 ( 2,591)
Citation 271

Economic Analysis of Law

Harvard Law School, John M. Olin Center for Law, Economics and Business, Discussion Paper No. 251
Number of pages: 96 Posted: 02 Mar 1999
Louis Kaplow and Steven Shavell
Harvard Law School and Harvard Law School
Downloads 3,233 (2,785)
Citation 271

Abstract:

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Economic Analysis of Law

NBER Working Paper No. w6960
Number of pages: 100 Posted: 25 May 2006 Last Revised: 12 Oct 2010
Louis Kaplow and Steven Shavell
Harvard Law School and Harvard Law School
Downloads 176 (157,530)
Citation 271

Abstract:

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3.

Economic Analysis of Law

Stanford Law and Economics Olin Working Paper No. 316, Harvard Law and Economics Discussion Paper No. 536
Number of pages: 42 Posted: 29 Nov 2005
A. Mitchell Polinsky and Steven Shavell
Stanford Law School and Harvard Law School
Downloads 3,331 (2,710)
Citation 258

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law and economics, property law, liability for accidents, contract law, litigation, public enforcement, criminal law

4.
Downloads 1,782 ( 7,925)
Citation 232

Economic Analysis of Property Law

Harvard Law and Economics Discussion Paper No. 399
Number of pages: 137 Posted: 15 Jan 2003
Steven Shavell
Harvard Law School
Downloads 1,703 (8,347)
Citation 232

Abstract:

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Economic Analysis of Property Law

NBER Working Paper No. w9695
Number of pages: 137 Posted: 19 May 2003 Last Revised: 01 Nov 2010
Steven Shavell
Harvard Law School
Downloads 79 (287,778)
Citation 232

Abstract:

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5.

Principles of Fairness Versus Human Welfare: On the Evaluation of Legal Policy

Harvard Law School, Law-Econ Discussion Paper No. 277
Number of pages: 460 Posted: 23 May 2000
Louis Kaplow and Steven Shavell
Harvard Law School and Harvard Law School
Downloads 1,752 (8,140)
Citation 29

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6.
Downloads 1,663 ( 8,834)
Citation 205

The Economic Theory of Public Enforcement of Law

Stanford Law School, John M. Olin Program in Law and Economics, Working Paper No. 159
Number of pages: 54 Posted: 30 May 1998
A. Mitchell Polinsky and Steven Shavell
Stanford Law School and Harvard Law School
Downloads 1,597 (9,280)
Citation 205

Abstract:

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The Economic Theory of Public Enforcement of Law

NBER Working Paper No. w6993
Number of pages: 55 Posted: 26 Jun 2000 Last Revised: 12 Oct 2010
A. Mitchell Polinsky and Steven Shavell
Stanford Law School and Harvard Law School
Downloads 66 (319,232)
Citation 205

Abstract:

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7.
Downloads 1,647 ( 8,981)

Property Rules Versus Liability Rules

Number of pages: 101 Posted: 01 Feb 1998
Louis Kaplow and Steven Shavell
Harvard Law School and Harvard Law School
Downloads 1,647 (8,815)
Citation 76

Abstract:

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Property Rules Versus Liability Rules

Harvard Law Review, Vol. 109, No. 4, February 1996.
Posted: 06 Feb 1998
Louis Kaplow and Steven Shavell
Harvard Law School and Harvard Law School

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8.
Downloads 1,594 ( 9,485)
Citation 253

Economic Analysis of Accident Law

Harvard Law and Economics Discussion Paper No. 396
Number of pages: 97 Posted: 08 Jan 2003
Steven Shavell
Harvard Law School
Downloads 1,366 (11,947)
Citation 252

Abstract:

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Economic Analysis of Accident Law

NBER Working Paper No. w9483
Number of pages: 97 Posted: 31 May 2012
Steven Shavell
Harvard Law School
Downloads 128 (206,171)
Citation 252

Abstract:

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Economic Analysis of Accident Law

NBER Working Paper No. w9694
Number of pages: 97 Posted: 19 May 2003 Last Revised: 01 Nov 2010
Steven Shavell
Harvard Law School
Downloads 100 (247,404)
Citation 253

Abstract:

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9.

Specific Performance Versus Damages for Breach of Contract

Harvard Law and Economics Discussion Paper No. 532
Number of pages: 39 Posted: 07 Dec 2005
Steven Shavell
Harvard Law School
Downloads 1,568 (9,753)
Citation 7

Abstract:

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10.
Downloads 1,195 ( 14,991)
Citation 200

Economic Analysis of the General Structure of the Law

Harvard Law and Economics Discussion Paper No. 408
Number of pages: 20 Posted: 26 Feb 2003
Steven Shavell
Harvard Law School
Downloads 1,146 (15,743)
Citation 200

Abstract:

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Economic Analysis of the General Structure of the Law

NBER Working Paper No. w9699
Number of pages: 20 Posted: 19 May 2003 Last Revised: 01 Nov 2010
Steven Shavell
Harvard Law School
Downloads 49 (369,979)
Citation 200

Abstract:

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11.
Downloads 1,167 ( 15,595)
Citation 5

Economic Analysis of Litigation and the Legal Process

Harvard Law and Economics Discussion Paper No. 404
Number of pages: 66 Posted: 20 Feb 2003
Steven Shavell
Harvard Law School
Downloads 1,090 (16,966)
Citation 5

Abstract:

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Economic Analysis of Litigation and the Legal Process

NBER Working Paper No. w9697
Number of pages: 66 Posted: 19 May 2003
Steven Shavell
Harvard Law School
Downloads 77 (292,322)
Citation 5

Abstract:

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12.

The Uneasy Case for Product Liability

Harvard Law Review, Forthcoming, Stanford Law and Economics Olin Working Paper No. 381, Harvard Law and Economics Discussion Paper No. 647, Harvard Public Law Working Paper No. 09-46
Number of pages: 57 Posted: 07 Sep 2009 Last Revised: 03 Dec 2009
A. Mitchell Polinsky and Steven Shavell
Stanford Law School and Harvard Law School
Downloads 1,147 (16,030)
Citation 12

Abstract:

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13.

Contracts

New Palgrave Dictionary of Economics and the Law (Peter Newman, Ed.), May 1998
Number of pages: 28 Posted: 11 Jan 1998
Steven Shavell
Harvard Law School
Downloads 1,113 (16,735)
Citation 25

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The Conflict between Notions of Fairness and the Pareto Principle

American Law and Economics Review, 2000
Number of pages: 19 Posted: 18 Feb 2000
Louis Kaplow and Steven Shavell
Harvard Law School and Harvard Law School
Downloads 874 (23,542)
Citation 18

Abstract:

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The Conflict between Notions of Fairness and the Pareto Principle

Number of pages: 19 Posted: 29 Sep 1999
Louis Kaplow and Steven Shavell
Harvard Law School and Harvard Law School
Downloads 172 (160,843)
Citation 18

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15.
Downloads 1,043 ( 18,426)
Citation 45

Corruption and Optimal Law Enforcement

Journal of Public Economics
Number of pages: 36 Posted: 28 Aug 2000
A. Mitchell Polinsky and Steven Shavell
Stanford Law School and Harvard Law School
Downloads 998 (19,340)
Citation 45

Abstract:

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Corruption and Optimal Law Enforcement

NBER Working Paper No. w6945
Number of pages: 26 Posted: 14 Jul 2000
A. Mitchell Polinsky and Steven Shavell
Stanford Law School and Harvard Law School
Downloads 45 (383,720)
Citation 45

Abstract:

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16.
Downloads 1,005 ( 19,486)
Citation 46

Rewards Versus Intellectual Property Rights

Harvard Law School, Olin Center for Law, Economics & Business, Discussion Paper No. 246
Number of pages: 34 Posted: 29 Jan 1999
Steven Shavell and Tanguy Van Ypersele
Harvard Law School and National Center for Scientific Research (CNRS) - Research Group in Quantitative Saving (GREQAM)
Downloads 901 (22,506)
Citation 46

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Rewards Versus Intellectual Property Rights

NBER Working Paper No. w6956
Number of pages: 35 Posted: 12 Jul 2000 Last Revised: 12 Oct 2010
Steven Shavell and Tanguy Van Ypersele
Harvard Law School and National Center for Scientific Research (CNRS) - Research Group in Quantitative Saving (GREQAM)
Downloads 104 (240,588)
Citation 46

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Rewards Versus Intellectual Property Rights

Journal of Law & Economics, Vol. 44, No. 2, October 2001
Posted: 23 Oct 2001
Steven Shavell and Tanguy Van Ypersele
Harvard Law School and National Center for Scientific Research (CNRS) - Research Group in Quantitative Saving (GREQAM)

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Economic Analysis of Public Law Enforcement and Criminal Law

Harvard Law and Economics Discussion Paper No. 405
Number of pages: 77 Posted: 21 Feb 2003
Steven Shavell
Harvard Law School
Downloads 897 (22,675)
Citation 87

Abstract:

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Economic Analysis of Public Law Enforcement and Criminal Law

NBER Working Paper No. w9698
Number of pages: 77 Posted: 19 May 2003 Last Revised: 01 Nov 2010
Steven Shavell
Harvard Law School
Downloads 58 (341,413)
Citation 87

Abstract:

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18.
Downloads 902 ( 22,920)
Citation 203

The Theory of Public Enforcement of Law

HANDBOOK OF LAW AND ECONOMICS, A. Mitchell Polinsky, Steven Shavell, eds., Vol. 1, 2006, Harvard Law and Economics Discussion Paper No. 529, Stanford Law and Economics Olin Working Paper No. 313, Stanford Public Law Working Paper No. 115, Harvard Public Law Working Paper No. 119
Number of pages: 82 Posted: 17 Nov 2005
A. Mitchell Polinsky and Steven Shavell
Stanford Law School and Harvard Law School
Downloads 849 (24,614)
Citation 203

Abstract:

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public enforcement of law, fines, imprisonment, strict liability, fault-based liability, probability of detection, errors, general enforcement, marginal deterrence, settlements, self-reporting, repeat offenders, fairness of sanctions, norms

The Theory of Public Enforcement of Law

NBER Working Paper No. w11780
Number of pages: 82 Posted: 19 Feb 2006 Last Revised: 10 Sep 2010
A. Mitchell Polinsky and Steven Shavell
Stanford Law School and Harvard Law School
Downloads 53 (356,961)
Citation 203

Abstract:

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Fairness Versus Welfare: Notes on the Pareto Principle, Preferences, and Distributive Justice

Harvard Law and Economics Discussion Paper No. 411
Number of pages: 27 Posted: 27 Mar 2003
Louis Kaplow and Steven Shavell
Harvard Law School and Harvard Law School
Downloads 761 (28,648)
Citation 30

Abstract:

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Fairness Versus Welfare: Notes on the Pareto Principle, Preferences, and Distributive Justice

NBER Working Paper No. w9622
Number of pages: 28 Posted: 11 Apr 2003
Louis Kaplow and Steven Shavell
Harvard Law School and Harvard Law School
Downloads 67 (316,598)
Citation 30

Abstract:

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20.

Should Copyright of Academic Works be Abolished?

The Journal of Legal Analysis, Forthcoming, Harvard Law and Economics Discussion Paper No. 655, Harvard Public Law Working Paper No. 10-10
Number of pages: 64 Posted: 21 Dec 2009 Last Revised: 25 May 2014
Steven Shavell
Harvard Law School
Downloads 811 (26,723)
Citation 6

Abstract:

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21.
Downloads 790 ( 27,699)
Citation 22

On the Writing and the Interpretation of Contracts

Harvard Law and Economics Discussion Paper No. 445
Number of pages: 46 Posted: 17 Nov 2003
Steven Shavell
Harvard Law School
Downloads 731 (30,299)
Citation 22

Abstract:

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On the Writing and the Interpretation of Contracts

NBER Working Paper No. w10094
Number of pages: 46 Posted: 20 Feb 2004 Last Revised: 02 Aug 2010
Steven Shavell
Harvard Law School
Downloads 59 (338,532)
Citation 22

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On the Writing and the Interpretation of Contracts

Journal of Law, Economics, and Organization, Vol. 22, No. 2, Fall 2006, Harvard Law and Economics Discussion Paper No. 445
Posted: 23 Feb 2006
Steven Shavell
Harvard Law School

Abstract:

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On the Writing and the Interpretation of Contracts

The Journal of Law, Economics, and Organization, Vol. 22, Issue 2, pp. 289-314, 2006
Posted: 29 Feb 2008
Steven Shavell
Harvard Law School

Abstract:

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22.

Strict Liability Versus Negligence

NBER Working Paper No. R0084
Number of pages: 25 Posted: 04 Jul 2004
Steven Shavell
Harvard Law School
Downloads 707 (32,197)
Citation 114

Abstract:

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23.

Welfare Economics, Morality, and the Law

Harvard Law and Economics Discussion Paper No. 409
Number of pages: 52 Posted: 27 Mar 2003
Steven Shavell
Harvard Law School
Downloads 706 (32,245)

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24.
Downloads 684 ( 33,701)
Citation 25

Law Versus Morality as Regulators of Conduct

Harvard Law and Economics Discussion Paper No. 340
Number of pages: 39 Posted: 13 Dec 2001
Steven Shavell
Harvard Law School
Downloads 684 (33,194)
Citation 25

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Law Versus Morality as Regulators of Conduct

American Law and Economics Review, Vol. 4, No. 2, pp. 227-257, 2002
Posted: 29 Feb 2008
Steven Shavell
Harvard Law School

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Moral Rules and the Moral Sentiments: Toward a Theory of an Optimal Moral System

Harvard Law and Economics Discussion Paper No. 342
Number of pages: 63 Posted: 13 Dec 2001
Louis Kaplow and Steven Shavell
Harvard Law School and Harvard Law School
Downloads 609 (38,740)
Citation 26

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Moral Rules and the Moral Sentiments: Toward a Theory of an Optimal Moral System

NBER Working Paper No. w8688
Number of pages: 61 Posted: 20 Dec 2001 Last Revised: 26 Oct 2010
Louis Kaplow and Steven Shavell
Harvard Law School and Harvard Law School
Downloads 46 (380,188)
Citation 26

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Information and the Scope of Liability for Breach of Contract: The Rule of Hadley V. Baxendale

Journal of Law, Economics and Organization, Vol. 7, pp. 284-312, 1991, Harvard Law and Economics Discussion Paper No. 78
Number of pages: 31 Posted: 21 Nov 2003 Last Revised: 05 May 2009
Lucian A. Bebchuk and Steven Shavell
Harvard Law School and Harvard Law School
Downloads 583 (41,093)
Citation 27

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contracts, breach, damages, precautions, information, communication

Information and the Scope of Liability for Breach of Contract: The Rule of Hadley V. Baxendale

NBER Working Paper No. w3696
Number of pages: 56 Posted: 28 May 2004 Last Revised: 11 Aug 2010
Lucian A. Bebchuk and Steven Shavell
Harvard Law School and Harvard Law School
Downloads 56 (347,381)
Citation 27

Abstract:

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27.
Downloads 638 ( 36,989)
Citation 5

Mandatory Versus Voluntary Disclosure of Product Risks

Stanford Law and Economics Olin Working Paper No. 327, Harvard Law and Economics Discussion Paper No. 564
Number of pages: 33 Posted: 23 Oct 2006
A. Mitchell Polinsky and Steven Shavell
Stanford Law School and Harvard Law School
Downloads 597 (39,836)
Citation 5

Abstract:

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product risk, information, mandatory disclosure, voluntary disclosure, negligence, strict liability

Mandatory Versus Voluntary Disclosure of Product Risks

NBER Working Paper No. w12776
Number of pages: 34 Posted: 23 Dec 2006 Last Revised: 22 Jun 2007
A. Mitchell Polinsky and Steven Shavell
Stanford Law School and Harvard Law School
Downloads 41 (398,532)
Citation 5

Abstract:

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28.

Public Enforcement of Law

Stanford Law and Economics Olin Working Paper No. 322
Number of pages: 31 Posted: 16 May 2006
A. Mitchell Polinsky and Steven Shavell
Stanford Law School and Harvard Law School
Downloads 597 (40,420)
Citation 205

Abstract:

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29.

On the Social Function and the Regulation of Liability Insurance

Geneva Papers on Risk and Insurance Theory
Number of pages: 28 Posted: 13 May 2000
Steven Shavell
Harvard Law School
Downloads 574 (42,522)
Citation 22

Abstract:

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30.

Is Breach of Contract Immoral?

Harvard Law and Economics Discussion Paper No. 531
Number of pages: 30 Posted: 07 Dec 2005
Steven Shavell
Harvard Law School
Downloads 544 (45,561)
Citation 1

Abstract:

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31.
Downloads 539 ( 46,088)
Citation 12

Liability for Accidents

HANDBOOK OF LAW AND ECONOMICS, A. Mitchell Polinsky, Steven Shavell, eds., Vol. 1, 2006, Harvard Law and Economics Discussion Paper No. 530
Number of pages: 42 Posted: 16 Nov 2005
Steven Shavell
Harvard Law School
Downloads 497 (50,511)
Citation 12

Abstract:

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law and economics, liability, accident(s), tort(s), insurance, product liability, externalities, information, regulation, litigation, suit, trial, court(s)

Liability for Accidents

NBER Working Paper No. w11781
Number of pages: 42 Posted: 19 Feb 2006 Last Revised: 11 Sep 2010
Steven Shavell
Harvard Law School
Downloads 42 (394,743)
Citation 12

Abstract:

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32.

Human Nature and the Best Consequentialist Moral System

Harvard Law and Economics Discussion Paper No. 349
Number of pages: 49 Posted: 18 Mar 2002
Louis Kaplow and Steven Shavell
Harvard Law School and Harvard Law School
Downloads 496 (51,238)
Citation 3

Abstract:

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33.

Notions of Fairness Versus the Pareto Principle: On the Role of Logical Consistency

Yale Law Journal, 2000
Number of pages: 16 Posted: 16 Jan 2001
Louis Kaplow and Steven Shavell
Harvard Law School and Harvard Law School
Downloads 438 (59,772)
Citation 13

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Reconsidering Contractual Liability and the Incentive to Reveal Information

Stanford Law Review, Vol. 51, pp.1615-1627, 1999, Harvard Law and Economics Discussion Paper No. 255, 1999
Number of pages: 19 Posted: 19 Sep 1999 Last Revised: 05 May 2009
Lucian A. Bebchuk and Steven Shavell
Harvard Law School and Harvard Law School
Downloads 391 (67,914)
Citation 1

Abstract:

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Reconsidering Contractual Liability and the Incentive to Reveal Information

NBER Working Paper No. w7106
Number of pages: 11 Posted: 13 Jul 2000 Last Revised: 16 Apr 2008
Lucian A. Bebchuk and Steven Shavell
Harvard Law School and Harvard Law School
Downloads 30 (445,559)
Citation 1

Abstract:

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35.
Downloads 410 ( 64,758)
Citation 7

Contracts, Holdup, and Legal Intervention

Harvard Law and Economics Discussion Paper No. 508
Number of pages: 34 Posted: 04 May 2005
Steven Shavell
Harvard Law School
Downloads 381 (70,048)
Citation 7

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Contracts, Holdup, and Legal Intervention

NBER Working Paper No. w11284
Number of pages: 34 Posted: 02 Jun 2005
Steven Shavell
Harvard Law School
Downloads 29 (450,577)
Citation 7

Abstract:

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36.

Supreme Court Amicus Brief Regarding Morgan Stanley Capital Group Inc. v. Public Utility District No. 1 of Snohomish County, Washington

AEI-Brookings Joint Center Brief No. 07-02
Number of pages: 49 Posted: 02 Dec 2007
New York University - Stern School of Business, Berkley Center for Entrepreneurial Studies, Tuck School of Business, Dartmouth College, affiliation not provided to SSRN, Ohio State University (OSU) - Department of Finance, California Institute of Technology - Division of the Humanities and Social Sciences, Massachusetts Institute of Technology (MIT) - Department of Economics, University of Oxford, Smith School, Massachusetts Institute of Technology (MIT) - Department of Economics, Harvard University - Harvard Kennedy School (HKS), Harvard University - Harvard Kennedy School (HKS), University of Pennsylvania - Operations & Information Management Department, California State University, Fullerton - Department of Economics, Stanford University, University of Houston - Department of Finance, Boston University - Questrom School of Business, Harvard Law School, Chapman University - Economic Science Institute, affiliation not provided to SSRN, Princeton University - Woodrow Wilson School of Public and International Affairs and University of California, Berkeley - Economic Analysis & Policy Group
Downloads 402 (66,348)
Citation 1

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The Fairness of Sanctions: Some Implications for Optimal Enforcement Policy

Stanford Law School, Olin Law and Economics Working Paper No. 167; and Harvard Law School, Olin Discussion Paper No. 247
Number of pages: 18 Posted: 08 Mar 1999
A. Mitchell Polinsky and Steven Shavell
Stanford Law School and Harvard Law School
Downloads 356 (75,878)
Citation 16

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The Fairness of Sanctions: Some Implications for Optimal Enforcement Policy

American Law and Economics Review, Vol. 2, No. 1, pp. 223-237, 2000; Stanford Law and Economics Olin Working Paper No. 167; Harvard Law and Economics Discussion Paper No. 247
Posted: 07 Jul 2000
A. Mitchell Polinsky and Steven Shavell
Stanford Law School and Harvard Law School

Abstract:

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38.

Notes on Welfarist Versus Deontological Principles

Harvard Law and Economics Discussion Paper No. 460
Number of pages: 12 Posted: 21 Sep 2004
Louis Kaplow and Steven Shavell
Harvard Law School and Harvard Law School
Downloads 316 (87,602)
Citation 1

Abstract:

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39.

Economics and Liability for Accidents

New Palgrave Dictionary of Economics, 2nd Edition, 2008, Harvard Law and Economics Discussion Paper No. 535
Number of pages: 15 Posted: 16 Dec 2005
Steven Shavell
Harvard Law School
Downloads 314 (88,226)
Citation 10

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40.

Why Breach of Contract May Not Be Immoral Given the Incompleteness of Contracts

Harvard Law and Economics Discussion Paper No. 631
Number of pages: 23 Posted: 03 Apr 2009
Steven Shavell
Harvard Law School
Downloads 301 (92,458)

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41.
Downloads 266 (105,576)

Costly Litigation and Optimal Damages

Stanford Law and Economics Olin Working Paper No. 436, Harvard Law and Economics Olin Working Paper No. 739 , Harvard Law School Program on Risk Regulation Research Paper No. 13-06
Number of pages: 15 Posted: 18 Nov 2012 Last Revised: 12 Feb 2013
Steven Shavell and A. Mitchell Polinsky
Harvard Law School and Stanford Law School
Downloads 258 (108,485)

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Costly Litigation and Optimal Damages

NBER Working Paper No. w18594
Number of pages: 14 Posted: 07 Dec 2012
A. Mitchell Polinsky and Steven Shavell
Stanford Law School and Harvard Law School
Downloads 8 (575,558)

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Should Legal Rules Favor the Poor? Clarifying the Role of Legal Rules and the Income Tax in Redistributing Income

January 2000
Number of pages: 20 Posted: 23 Jun 2000
Louis Kaplow and Steven Shavell
Harvard Law School and Harvard Law School
Downloads 258 (108,485)
Citation 21

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Should Legal Rules Favor the Poor? Clarifying the Role of Legal Rules and the Income Tax in Redistributing Income

Journal of Legal Studies, June 2000
Posted: 23 Jun 2000
Louis Kaplow and Steven Shavell
Harvard Law School and Harvard Law School

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Minimum Asset Requirements and Compulsory Liability Insurance as Solutions to the Judgment-Proof Problem

Harvard Law and Economics Discussion Paper No. 456
Number of pages: 43 Posted: 23 Aug 2004
Steven Shavell
Harvard Law School
Downloads 218 (128,816)
Citation 13

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Minimum Asset Requirements and Compulsory Liability Insurance as Solutions to the Judgment-Proof Problem

NBER Working Paper No. w10341
Number of pages: 43 Posted: 16 Mar 2004 Last Revised: 29 Mar 2004
Steven Shavell
Harvard Law School
Downloads 33 (431,719)
Citation 13

Abstract:

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44.

Any Non-Welfarist Method of Policy Assessment Violates the Pareto Principle: Reply

Harvard Law and Economics Discussion Paper No. 455; Harvard Public Law Working Paper No. 91
Number of pages: 6 Posted: 09 Feb 2004
Louis Kaplow and Steven Shavell
Harvard Law School and Harvard Law School
Downloads 250 (112,603)
Citation 39

Abstract:

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45.

A Simple Proposal to Halve Litigation Costs

Harvard Law and Economics Discussion Paper No. 513
Number of pages: 20 Posted: 25 May 2005
David Rosenberg and Steven Shavell
Harvard Law School and Harvard Law School
Downloads 249 (113,085)
Citation 5

Abstract:

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46.

All Individuals May Be Made Worse Off Under Any Nonwelfarist Principle

Harvard Law and Economics Discussion Paper No. 350
Number of pages: 23 Posted: 18 Mar 2002
Louis Kaplow and Steven Shavell
Harvard Law School and Harvard Law School
Downloads 247 (114,057)

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47.

The Advantage of Focusing Law Enforcement Effort

Harvard Law and Economics Discussion Paper No. 357
Number of pages: 14 Posted: 09 May 2002
Henrik Lando and Steven Shavell
Department of Law, Copenhagen Business School and Harvard Law School
Downloads 241 (116,965)
Citation 4

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Optimal enforcement, focused enforcement, allocation of police

On the Superiority of Corrective Taxes to Quantity Regulation

Number of pages: 18 Posted: 10 Feb 1998
Louis Kaplow and Steven Shavell
Harvard Law School and Harvard Law School
Downloads 185 (150,578)
Citation 25

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On the Superiority of Corrective Taxes to Quantity Regulation

NBER Working Paper No. w6251
Number of pages: 20 Posted: 20 Jul 2000 Last Revised: 07 Oct 2010
Louis Kaplow and Steven Shavell
Harvard Law School and Harvard Law School
Downloads 29 (450,577)
Citation 25

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On the Superiority of Corrective Taxes to Quantity Regulation

American Law and Economics Review, Vol. 4, No. 1, pp. 1-17, 2002
Posted: 29 Feb 2008
Louis Kaplow and Steven Shavell
Harvard Law School and Harvard Law School

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A Fundamental Enforcement Cost Advantage of the Negligence Rule over Regulation

Harvard Law, Economics, and Business Discussion Paper No. 731, Harvard Public Law Working Paper No. 14-01
Number of pages: 30 Posted: 11 Sep 2012 Last Revised: 12 Mar 2014
Steven Shavell
Harvard Law School
Downloads 209 (134,171)

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A Fundamental Enforcement Cost Advantage of the Negligence Rule Over Regulation

NBER Working Paper No. w18418
Number of pages: 31 Posted: 29 Sep 2012
Steven Shavell
Harvard Law School
Downloads 3 (606,803)

Abstract:

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50.

When is it Socially Desirable for an Individual to Comply with the Law?

Harvard Law, Economics and Business Discussion Paper No. 682
Number of pages: 29 Posted: 04 Dec 2010
Steven Shavell
Harvard Law School
Downloads 206 (136,266)

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51.

Eminent Domain versus Government Purchase of Land Given Imperfect Information about Owners' Valuations

Harvard Law and Economics Discussion Paper No. 598
Number of pages: 40 Posted: 20 Oct 2007
Steven Shavell
Harvard Law School
Downloads 202 (138,807)
Citation 2

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On Optimal Legal Change, Past Behavior, and Grandfathering

Harvard Law and Economics Discussion Paper No. 570
Number of pages: 37 Posted: 12 Jan 2007
Steven Shavell
Harvard Law School
Downloads 177 (156,752)
Citation 3

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On Optimal Legal Change, Past Behavior, and Grandfathering

NBER Working Paper No. w13563
Number of pages: 38 Posted: 31 Oct 2007 Last Revised: 25 Jul 2010
Steven Shavell
Harvard Law School
Downloads 23 (484,039)
Citation 3

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53.

A Solution to the Problem of Nuisance Suits: The Option to Have the Court Bar Settlement

Harvard Law and Economics Discussion Paper No. 489
Number of pages: 10 Posted: 20 Nov 2004
David Rosenberg and Steven Shavell
Harvard Law School and Harvard Law School
Downloads 199 (140,750)
Citation 4

Abstract:

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54.
Downloads 187 (149,145)
Citation 2

Corrective Taxation versus Liability

Harvard Law and Economics Discussion Paper No. 671
Number of pages: 15 Posted: 10 Jul 2010
Steven Shavell
Harvard Law School
Downloads 171 (161,656)
Citation 2

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Corrective Taxation Versus Liability

NBER Working Paper No. w16234
Number of pages: 15 Posted: 02 Aug 2010
Steven Shavell
Harvard Law School
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Citation 2

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55.
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Citation 11

Optimal Discretion in the Application of Rules

Harvard Law and Economics Discussion Paper No. 509
Number of pages: 28 Posted: 04 May 2005
Steven Shavell
Harvard Law School
Downloads 184 (151,277)
Citation 11

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Optimal Discretion in the Application of Rules

American Law and Economics Review, Vol. 9, Issue 1, pp. 175-194, 2007
Posted: 16 Jun 2008
Steven Shavell
Harvard Law School

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D8, K4, K40

56.

Do Excessive Legal Standards Discourage Desirable Activity?

Harvard Law and Economics Discussion Paper No. 540
Number of pages: 7 Posted: 31 Jul 2006
Steven Shavell
Harvard Law School
Downloads 174 (159,179)
Citation 5

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standards, regulation, liability, negligence

57.
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Citation 19

The Appeals Process and Adjudicator Incentives

Harvard Law and Economics Discussion Paper No. 485
Number of pages: 40 Posted: 20 Nov 2004
Steven Shavell
Harvard Law School
Downloads 135 (197,540)
Citation 19

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The Appeals Process and Adjudicator Incentives

NBER Working Paper No. w10754
Number of pages: 40 Posted: 24 Sep 2004 Last Revised: 24 Aug 2009
Steven Shavell
Harvard Law School
Downloads 35 (423,186)
Citation 19

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58.
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Citation 14

Minimum Asset Requirements

Harvard Law and Economics Discussion Paper No. 389
Number of pages: 20 Posted: 15 Dec 2002
Steven Shavell
Harvard Law School
Downloads 137 (195,202)
Citation 14

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Minimum Asset Requirements

NBER Working Paper No. w9335
Number of pages: 19 Posted: 28 Dec 2002 Last Revised: 30 Oct 2010
Steven Shavell
Harvard Law School
Downloads 23 (484,039)
Citation 14

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Subrogation and the Theory of Insurance When Suits Can Be Brought for Losses Suffered

Journal of Law, Economics, & Organization, Forthcoming, Stanford Law and Economics Olin Working Paper No. 506, Harvard Public Law Working Paper No. 17-04
Number of pages: 43 Posted: 29 Mar 2017 Last Revised: 05 Apr 2018
A. Mitchell Polinsky and Steven Shavell
Stanford Law School and Harvard Law School
Downloads 90 (265,353)

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insurance, subrogation, accidents, torts, litigation, loading costs, moral hazard, non-monetary losses

Subrogation and the Theory of Insurance When Suits Can Be Brought for Losses Suffered

NBER Working Paper No. w23303
Number of pages: 44 Posted: 05 Apr 2017 Last Revised: 17 Apr 2017
A. Mitchell Polinsky and Steven Shavell
Stanford Law School and Harvard Law School
Downloads 5 (593,514)

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60.

Liability for Harm Versus Regulation of Safety

NBER Working Paper No. w1218
Number of pages: 51 Posted: 09 Jun 2004 Last Revised: 17 Apr 2008
Steven Shavell
Harvard Law School
Downloads 93 (257,802)
Citation 73

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61.

Should BP Be Held Liable for Economic Losses Due to the Moratorium on Oil Drilling Imposed after the Deepwater Horizon Accident?

Vanderbilt Law Review, Forthcoming, Harvard Law and Economics Discussion Paper No. 708
Number of pages: 21 Posted: 05 Oct 2011
Steven Shavell
Harvard Law School
Downloads 92 (259,661)

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62.

On the Design of the Appeals Process: The Optimal Use of Discretionary Review versus Direct Appeal

Harvard Law and Economics Discussion Paper No. 625
Number of pages: 76 Posted: 12 Jan 2009
Steven Shavell
Harvard Law School
Downloads 92 (259,661)
Citation 4

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K4, K41

A Simple Model of Optimal Deterrence and Incapacitation

International Review of Law and Economics, Forthcoming
Number of pages: 26 Posted: 09 Dec 2014
Steven Shavell
Harvard Law School
Downloads 81 (283,504)

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Crime, deterrence, incapacitation

A Simple Model of Optimal Deterrence and Incapacitation

NBER Working Paper No. w20747
Number of pages: 27 Posted: 15 Dec 2014 Last Revised: 18 Dec 2014
Steven Shavell
Harvard Law School
Downloads 7 (581,542)

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64.

The Optimal Tradeoff between the Probability and Magnitude of Fines

NBER Working Paper No. R0136
Number of pages: 12 Posted: 25 Aug 2000
A. Mitchell Polinsky and Steven Shavell
Stanford Law School and Harvard Law School
Downloads 86 (270,813)
Citation 71

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A General Rationale for a Governmental Role in the Relief of Large Risks

Journal of Risk and Uncertainty, Forthcoming, Harvard Law, Economics, and Business Discussion Paper No. 768
Number of pages: 33 Posted: 22 May 2014
Steven Shavell
Harvard Law School
Downloads 74 (299,266)

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Insurance, disasters, large risks, government

A General Rationale for a Governmental Role in the Relief of Large Risks

NBER Working Paper No. w20192
Number of pages: 34 Posted: 11 Jun 2014
Steven Shavell
Harvard Law School
Downloads 7 (581,542)

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66.

A Skeptical Attitude about Product Liability is Justified: A Reply to Professors Goldberg and Zipursky

Stanford Law and Economics Olin Working Paper No. 399
Number of pages: 19 Posted: 09 Oct 2010
A. Mitchell Polinsky and Steven Shavell
Stanford Law School and Harvard Law School
Downloads 81 (280,911)

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product liability, public policy, benefit-cost analysis

The Corrective Tax versus Liability as Solutions to the Problem of Harmful Externalities

Harvard Law and Economics Discussion Paper No. 672
Number of pages: 30 Posted: 10 Jul 2010
Steven Shavell
Harvard Law School
Downloads 62 (330,025)
Citation 1

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The Corrective Tax Versus Liability as Solutions to the Problem of Harmful Externalities

NBER Working Paper No. w16235
Number of pages: 30 Posted: 02 Aug 2010
Steven Shavell
Harvard Law School
Downloads 16 (526,442)
Citation 1

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68.

Enforcement Costs and the Optimal Magnitude and Probability of Fines

NBER Working Paper No. w3429
Number of pages: 19 Posted: 27 Feb 2001
A. Mitchell Polinsky and Steven Shavell
Stanford Law School and Harvard Law School
Downloads 73 (298,451)
Citation 29

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69.

Economic Analysis of Welfare Economics, Morality and the Law

NBER Working Paper No. w9700
Number of pages: 52 Posted: 19 May 2003 Last Revised: 01 Nov 2010
Steven Shavell
Harvard Law School
Downloads 67 (312,836)
Citation 144

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70.

On the Disutility and Discounting of Imprisonment and the Theory of Deterrence

NBER Working Paper No. w6259
Number of pages: 26 Posted: 20 Jul 2000 Last Revised: 07 Oct 2010
A. Mitchell Polinsky and Steven Shavell
Stanford Law School and Harvard Law School
Downloads 63 (323,137)
Citation 15

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71.

On the Design of Contracts and Remedies for Breach

NBER Working Paper No. w0727
Number of pages: 51 Posted: 10 Nov 2002 Last Revised: 29 Jun 2010
Steven Shavell
Harvard Law School
Downloads 57 (339,466)
Citation 30

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72.

A Model of the Socially Optimal Use of Liability and Regulation

NBER Working Paper No. w1220
Number of pages: 56 Posted: 01 Feb 2001 Last Revised: 17 Apr 2008
Steven Shavell
Harvard Law School
Downloads 57 (339,466)
Citation 65

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73.

Optimal Law Enforcement with Self-Reporting of Behavior

NBER Working Paper No. w3822
Number of pages: 39 Posted: 19 Jun 2004 Last Revised: 21 Sep 2004
Louis Kaplow and Steven Shavell
Harvard Law School and Harvard Law School
Downloads 56 (342,303)
Citation 60

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74.

Accuracy in the Determination of Liability

NBER Working Paper No. w4203
Number of pages: 24 Posted: 28 Dec 2006 Last Revised: 28 Jun 2010
Louis Kaplow and Steven Shavell
Harvard Law School and Harvard Law School
Downloads 55 (345,386)
Citation 38

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75.

Accuracy in the Assessment of Damages

NBER Working Paper No. w4287
Number of pages: 24 Posted: 28 Dec 2006 Last Revised: 20 Sep 2010
Louis Kaplow and Steven Shavell
Harvard Law School and Harvard Law School
Downloads 55 (345,386)
Citation 44

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76.

Uncertainty Over Causation and the Determination of Civil Liability

NBER Working Paper No. w1219
Number of pages: 95 Posted: 05 Jul 2004 Last Revised: 13 Oct 2008
Steven Shavell
Harvard Law School
Downloads 53 (351,417)
Citation 30

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Should Liability Be Based on the Harm to the Victim or the Gain to the Injurer?

NBER Working Paper No. w4586
Number of pages: 21 Posted: 05 Sep 2000 Last Revised: 21 Jul 2010
A. Mitchell Polinsky and Steven Shavell
Stanford Law School and Harvard Law School
Downloads 50 (366,711)
Citation 21

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Should Liability Be Based on the Harm to the Victim or the Gain to the Injurer?

JOURNAL OF LAW, ECONOMICS, AND ORGANIZATION, Vol 10 No 2, 1994
Posted: 04 May 2000
A. Mitchell Polinsky and Steven Shavell
Stanford Law School and Harvard Law School

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78.

Suit and Settlement vs. Trial: A Theoretical Analysis Under Alternative Methods for the Allocation of Legal Costs

NBER Working Paper No. w0662
Number of pages: 58 Posted: 04 Jul 2004 Last Revised: 14 Apr 2008
Steven Shavell
Harvard Law School
Downloads 48 (366,921)
Citation 66

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79.

Any Non-Individualistic Social Welfare Function Violates the Pareto Principle

NBER Working Paper No. w7051
Number of pages: 8 Posted: 18 Apr 2000
Louis Kaplow and Steven Shavell
Harvard Law School and Harvard Law School
Downloads 42 (387,196)
Citation 4

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80.

The Optimal Use of Fines and Imprisonment

NBER Working Paper No. w0932
Number of pages: 24 Posted: 25 Aug 2000 Last Revised: 21 Jul 2010
A. Mitchell Polinsky and Steven Shavell
Stanford Law School and Harvard Law School
Downloads 40 (394,253)
Citation 48

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Risk Aversion and the Desirability of Attenuated Legal Change

American Law and Economics Review, Forthcoming
Number of pages: 25 Posted: 16 Jan 2014 Last Revised: 17 Jan 2014
Steven Shavell
Harvard Law School
Downloads 31 (440,768)

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Risk Aversion and the Desirability of Attenuated Legal Change

NBER Working Paper No. w19879
Number of pages: 26 Posted: 11 Feb 2014 Last Revised: 18 Feb 2014
Steven Shavell
Harvard Law School
Downloads 7 (581,542)

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82.

Pigouvian Taxation with Administrative Costs

NBER Working Paper No. w0742
Number of pages: 19 Posted: 18 Aug 2004 Last Revised: 14 Jul 2010
A. Mitchell Polinsky and Steven Shavell
Stanford Law School and Harvard Law School
Downloads 38 (401,714)
Citation 7

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83.

The Social Versus the Private Incentive to Bring Suit in a Costly Legal System

NBER Working Paper No. w0741
Number of pages: 18 Posted: 18 Aug 2004 Last Revised: 13 Jul 2010
Steven Shavell
Harvard Law School
Downloads 37 (405,656)
Citation 46

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84.

Threats Without Binding Commitment

NBER Working Paper No. w5461
Number of pages: 20 Posted: 25 Apr 1998 Last Revised: 08 May 2000
Steven Shavell and Kathryn E. Spier
Harvard Law School and Harvard University - Law School - Faculty
Downloads 34 (417,589)
Citation 4

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85.

The Efficiency of the Legal System Versus the Income Tax in Redistributing Income

NBER Working Paper No. w4457
Number of pages: 21 Posted: 23 May 2001 Last Revised: 13 Sep 2010
Louis Kaplow and Steven Shavell
Harvard Law School and Harvard Law School
Downloads 31 (430,008)
Citation 2

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86.

Individual Precautions to Prevent Theft: Private Versus Socially Optimalbehavior

NBER Working Paper No. w3560
Number of pages: 16 Posted: 09 Oct 2007
Steven Shavell
Harvard Law School
Downloads 30 (434,416)
Citation 25

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87.

Torts in Which Victim and Injurer Act Sequentially

NBER Working Paper No. w0939
Number of pages: 53 Posted: 14 Feb 2002 Last Revised: 28 Jul 2010
Steven Shavell
Harvard Law School
Downloads 30 (434,416)
Citation 5

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88.

Legal Advice About Acts Already Commited

NBER Working Paper No. w3005
Number of pages: 21 Posted: 14 Apr 2007 Last Revised: 19 Sep 2010
Louis Kaplow and Steven Shavell
Harvard Law School and Harvard Law School
Downloads 26 (453,694)
Citation 5

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89.

Eminent Domain Versus Government Purchase of Land Given Imperpect Information About Owners' Valuation

NBER Working Paper No. w13564
Number of pages: 41 Posted: 31 Oct 2007 Last Revised: 26 Jul 2010
Steven Shavell
Harvard Law School
Downloads 25 (458,806)

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90.

A Note on Optimal Fines When Wealth Varies Among Individuals

NBER Working Paper No. w3232
Number of pages: 9 Posted: 28 Dec 2006
A. Mitchell Polinsky and Steven Shavell
Stanford Law School and Harvard Law School
Downloads 25 (458,806)
Citation 24

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91.

A Note on Optimal Deterrence When Individuals Choose Among Harmful Acts

NBER Working Paper No. w3061
Number of pages: 22 Posted: 09 Mar 2004
Steven Shavell
Harvard Law School
Downloads 24 (464,061)
Citation 2

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92.

Specific Versus General Enforcement of Law

NBER Working Paper No. w3062
Number of pages: 34 Posted: 04 Jul 2004 Last Revised: 11 Jun 2008
Steven Shavell
Harvard Law School
Downloads 21 (480,186)
Citation 27

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93.

Private Versus Socially Optimal Provision of Ex Ante Legal Advice

NBER Working Paper No. w3868
Number of pages: 19 Posted: 10 Jul 2007 Last Revised: 29 Jul 2010
Louis Kaplow and Steven Shavell
Harvard Law School and Harvard Law School
Downloads 20 (485,787)
Citation 8

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94.

Suit Versus Settlement When Parties Seek Nonmonetary Judgements

NBER Working Paper No. w4012
Number of pages: 27 Posted: 18 Apr 2007 Last Revised: 23 Apr 2007
Steven Shavell
Harvard Law School
Downloads 18 (496,666)
Citation 3

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The Rationale for Motions in the Design of Adjudication

Forthcoming, American Law and Economics Review, Harvard John M. Olin Center for Law, Economics and Business, Discussion Paper No. 955, May 2018
Number of pages: 49 Posted: 12 Jun 2018
Steven Shavell
Harvard Law School
Downloads 15 (538,853)

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Civil Procedure, Motions, Economic Analysis

The Rationale for Motions in the Design of Adjudication

NBER Working Paper No. w24703
Number of pages: 50 Posted: 18 Jun 2018
Steven Shavell
Harvard Law School
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96.

Optimal Cleanup and Liability after Environmentally Harmful Discharges

NBER Working Paper No. w4176
Number of pages: 14 Posted: 01 Jun 2011
A. Mitchell Polinsky and Steven Shavell
Stanford Law School and Harvard Law School
Downloads 15 (512,948)
Citation 4

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97.

Markets, Networks, and the Rise of Chrysler in Old Detroit, 1920-1940

American Law and Economics Review, Vol. 1, No. 1, pp. 63-77, 1999
Posted: 29 Feb 2008
Louis Kaplow and Steven Shavell
Harvard Law School and Harvard Law School

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98.

Moral Rules, the Moral Sentiments, and Behavior: Toward a Theory of an Optimal Moral System

Journal of Political Economy, Vol. 115, No. 3, 2007, Harvard Public Law Working Paper No. 08-01
Posted: 20 Dec 2007 Last Revised: 11 Jan 2008
Louis Kaplow and Steven Shavell
Harvard Law School and Harvard Law School

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99.

Foundations of Economic Analysis of Law

Steven Shavell, FOUNDATIONS OF ECONOMIC ANALYSIS OF LAW, Harvard University Press, 2004
Posted: 11 Feb 2004
Steven Shavell
Harvard Law School

Abstract:

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100.

Any Non-Welfarist Method of Policy Assessment Violates the Pareto Principle

Journal of Political Economy, Vol. 109, April 2001
Posted: 20 Apr 1999
Louis Kaplow and Steven Shavell
Harvard Law School and Harvard Law School

Abstract:

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101.

The Optimal Level of Corporate Liability Given the Limited Ability of Corporations to Penalize Their Employees

Harvard Law and Economics Working Paper #160
Posted: 03 Jul 1998
Steven Shavell
Harvard Law School

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102.

Any Frequency of Plaintiff Victory at Trial is Possible

Working Paper No. 164
Posted: 20 Jan 1998
Steven Shavell
Harvard Law School

Abstract:

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103.

Legal Advice

The New Palgrave Dictionary of Economics and the Law, edited by Peter Newman, 3 volumes (London: Macmillan Publishers; New York: Stockton Press), May 1998.
Posted: 31 Oct 1997
Steven Shavell
Harvard Law School

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104.

Punitive Damages: An Economic Analysis

111 Harvard Law Review, 1998.
Posted: 15 Sep 1997
A. Mitchell Polinsky and Steven Shavell
Stanford Law School and Harvard Law School

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105.

The Fundamental Divergence between the Private and the Social Motive to Use the Legal System

Journal of Legal Studies, Vol. 24, No. 4 (1997).
Posted: 14 Mar 1997
Steven Shavell
Harvard Law School

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106.

Causation and Tort Liability

John M. Olin Center for Law, Economics, and Business, Harvard Law School, Discussion Paper No. 193
Posted: 07 Jan 1997
Steven Shavell
Harvard Law School

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107.

Repeat Offenders and the Theory of Deterrence

John M. Olin Program in Law and Economics, Stanford Law School, Working Paper No. 134
Posted: 16 Dec 1996
A. Mitchell Polinsky and Steven Shavell
Stanford Law School and Harvard Law School

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108.

The Level of Litigation: Private Versus Social Optimality

John M. Olin Center for Law, Economics, and Business, Harvard Law School, Discussion Paper No. 184
Posted: 01 Oct 1996
Steven Shavell
Harvard Law School

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