Reference no: EM132165066
Law and Economics Questions -
Instructions: Briefly review and respond to the questions below. You may consult your textbook in drafting your response.
1. Courts in tort cases, when deciding on compensation, are not allowed to consider evidence about a victim's income or whether or not she has insurance to cover her injuries. Does this rule make economic sense?
2. Suppose that juries tend to systematically overcompensate accident victims in tort cases. Which rule, strict liability or negligence, would be more efficient regarding incentives for efficient injurer care in this situation? Explain.
3. Should a physician who chances on an injured person be compelled to treat that person? All states have so-called "good Samaritan laws," which protect physicians from lawsuits in circumstances where they render aid to injured persons. Why does such a law make sense? Should it apply only for medical professionals?
4. Strict liability for the manufacturer of a dangerous product means a finding of liability without a finding of fault. What does this mean? Will strict liability necessarily result in safer products than other liability rules?
Note - At least one page with double space per question.
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: CED 6110: Law and Economics Questions - Courts in tort cases, when deciding on compensation, are not allowed to consider evidence about a victim's income
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