Article ID Journal Published Year Pages File Type
5062505 Economics Letters 2007 4 Pages PDF
Abstract
Overly strict legal standards are commonly thought to discourage parties from engaging in socially desirable activities. This intuition is shown to be incorrect when standards are enforced by liability rules but valid when standards are required by the regulatory system.
Keywords
Related Topics
Social Sciences and Humanities Economics, Econometrics and Finance Economics and Econometrics
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Do excessive legal standards discourage desirable activity?
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