Tort Law and Economics
Utrecht University Working Paper
47 Pages Posted: 11 Feb 2003 Last revised: 4 May 2011
Date Written: Feb 11, 2003
Tort law has been one of the first fields of law to be analysed from an economic point of view. After the early works by Calabresi (1961) and Trimarchi (1959a, 1959b, 1961) most scholars have devoted their efforts to studying the economics of tort law. Noteworthy are the books by Calabresi (1970), Shavell (1987), Landes and Posner (1987), Miceli (1997) and some well-known books on Law and Economics by Polinsky (1989), Posner (1998), Kaplow and Shavell (2002), Cooter and Ulen (2000). In this chapter I will give a survey of the main results obtained over time.
Keywords: Tort, damage, compensation, liability, fault, negligence, precaution, care, activity level, risk
JEL Classification: K13
Suggested Citation: Suggested Citation