Deterrence of uneconomical accidents
If the tort system were deemed a method of social insurance rather than one of deterrence of uneconomical accidents, would awards in tort cases be on average higher or lower than under the deterrence rationale? [Posner, page 213, #8]
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If the tort system were deemed a method of social insurance rather than one of deterrence of uneconomical accidents, would awards in tort cases be on average higher or lower than under the deterrence rationale?
Is it arguable that there is a greater economic justification for strict products liability to bystanders that for strict liability to purchasers of the product? [Posner, page 213, #8]
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