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Remedies

Forthcoming, Handbook of Law and Economics (Francesco Parisi ed., Oxford University Press, 2017)

University of Chicago Coase-Sandor Institute for Law & Economics Research Paper No. 786

36 Pages Posted: 3 Dec 2016 Last revised: 6 Dec 2016

Ariel Porat

Tel Aviv University; University of Chicago - Law School

Date Written: December 1, 2016

Abstract

This chapter emphasizes the common denominators of the remedies available to the victim in torts and contracts. Some remedies which are more typical of either contracts or torts are also discussed. The topics covered by the chapter are liability rules vs. property rules, specific performance vs. damages, the foreseeability requirement, tort liability for pure economic losses and non-pecuniary losses, caps on consequential damages, damages for bodily injury and lost income, liquidated damages, probabilistic recoveries and offsetting risks.

Suggested Citation

Porat, Ariel, Remedies (December 1, 2016). Forthcoming, Handbook of Law and Economics (Francesco Parisi ed., Oxford University Press, 2017) ; University of Chicago Coase-Sandor Institute for Law & Economics Research Paper No. 786. Available at SSRN: https://ssrn.com/abstract=2879446

Ariel Porat (Contact Author)

Tel Aviv University ( email )

Ramat Aviv
Tel Aviv 69978, IL
Israel
972-3-6408283 (Phone)
972-3-6407260 (Fax)

HOME PAGE: http://www.law.tau.ac.il/Heb/?CategoryID=357&ArticleID=388

University of Chicago - Law School ( email )

1111 E. 60th St.
Chicago, IL 60637
United States

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