Efficient precaution from both the injurer and the victim

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Reference no: EM132230784

a. In the bilateral care model, which liability rule generates efficient precaution from both the injurer and the victim? Explain the process by which this happens and the general reason why only this rule is efficient.

b. Show the diagram with the four “boxes” for negligence with contributory negligence, and explain why one party or the other is liable in each box. (You don’t have to draw the diagram, but try to describe it—the explanation of the four quadrants is the important part.)

Reference no: EM132230784

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