Injurers versus Victims: (A)Symmetric Reactions to Symmetric Risks

24 Pages Posted: 4 Mar 2018 Last revised: 12 Apr 2021

See all articles by Alice Guerra

Alice Guerra

University of Bologna - Department of Economics

Francesco Parisi

University of Minnesota - Law School; University of Bologna

Date Written: November 8, 2019

Abstract

Tort models assume symmetry in the behavior of injurers and victims when faced by a threat of liability and a risk of harm without compensation, respectively. While most of the results generated in tort theory rely on this assumption, it is based on an economic prediction that has never been empirically validated. Using a novel experimental design, we study the behavior of injurers and victims when facing symmetric accident risks. Experimental results provide qualified support for the symmetric behavior hypothesis. However, our findings reveal statistically different reactions of injurers and victims in accident situations over time.

Keywords: precautions, tort theory, laboratory experiment

JEL Classification: K13, C91

Suggested Citation

Guerra, Alice and Parisi, Francesco, Injurers versus Victims: (A)Symmetric Reactions to Symmetric Risks (November 8, 2019). Available at SSRN: https://ssrn.com/abstract=3133168 or http://dx.doi.org/10.2139/ssrn.3133168

Alice Guerra (Contact Author)

University of Bologna - Department of Economics ( email )

Bologna
Italy

Francesco Parisi

University of Minnesota - Law School ( email )

229 19th Avenue South
Minneapolis, MN 55455
United States

University of Bologna ( email )

Piazza Scaravilli 1
40126 Bologna, fc 47100
Italy

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