class actions, disabled rights, copyright, attorneys general, online speech, law schools, obesity, New York, mortgages, legal blogs, safety, CPSC, pharmaceuticals, patent trolls, ADA filing mills, international human rights, humor, hate speech, illegal drugs, immigration law, cellphones, international law, real estate, bar associations, Environmental Protection Agency, First Amendment, insurance fraud, slip and fall, smoking bans, emergency medicine, regulation and its reform, dramshop statutes, hotels, web accessibility, United Nations, Alien Tort Claims Act, lobbyists, pools, school discipline, Voting Rights Act, legal services programs



Economic Analysis of Accident Law

Law and economics scholar Steve Shavell's Economic Analysis of Accident Law is in many respects a summation of the first two decades' work on accident law by the law and economics movement. The author speaks to several aspects of this body of research, including to what extent accident law influences precaution and reduces accidents, the role of insurance, the costs of the liability system, and possible alternatives. As with the contemporaneous account of Landes and Posner and the early work of Calabresi, Shavell's stylized economic models do not always accurately capture the legal process, because they necessarily rest on simplifications inconsistent with real-world rules and behavior. Still, this is one of the law and economics classics and should be read by anyone hoping to understand that literature and its impact on tort law.

Steven Shavell, Professor, Harvard Law School (Harvard University Press, 1987)



sort entries by:
author | date | title | category

Featured Book:
Lawyer Barons: What Their Contingency Fees Really Cost America
By Lester Brickman

Rafael Mangual
Project Manager,
Legal Policy

Manhattan Institute

Published by the Manhattan Institute

The Manhattan Insitute's Center for Legal Policy.