کد مقاله کد نشریه سال انتشار مقاله انگلیسی نسخه تمام متن
5085790 1478071 2012 14 صفحه PDF دانلود رایگان
عنوان انگلیسی مقاله ISI
Social Wealth and Optimal Care
موضوعات مرتبط
علوم انسانی و اجتماعی اقتصاد، اقتصادسنجی و امور مالی اقتصاد و اقتصادسنجی
پیش نمایش صفحه اول مقاله
Social Wealth and Optimal Care
چکیده انگلیسی
When accidents result in noncompensable losses, a monetary payment is not enough to compensate the victim. We study the characteristics of optimal levels of care and distribution of risk under these circumstances and show that care depends on the aggregate wealth of society but does not depend on wealth distribution. We then examine whether ordinary liability rules, regulation, insurance, taxes and subsidies can be used to implement the first-best outcome (in terms of both care and risk). Finally, our results are discussed in the light of fairness considerations (second best) and in the special case of accidents between individuals and a firm.
ناشر
Database: Elsevier - ScienceDirect (ساینس دایرکت)
Journal: International Review of Law and Economics - Volume 32, Issue 2, June 2012, Pages 271-284
نویسندگان
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