In the event that the injurer causes an accident the victim will suffer damages equal to $400. The efficient level of care for the victim is Y* = 60 and the efficient level of care for the injurer is X* = 75. Suppose that the injurer causes an accident occurs and the victim suffers damages. The court determines that the victim’s care was Y = 70 and that the injurer’s care was X = 80.
What is the injurer's liability (dollar amount) with...
- Simple negligence?
- Strict liability with contributory negligence as a defense?
- Simple negligence with contributory negligence as a defense?
- Comparative negligence?