Punitive damages and the recklessness requirement with uninformed injurers

Bhole, Bharat; Wagner, Jeffrey

doi:10.1016/j.irle.2010.06.001

Cited by 2 publications

(2 citation statements)

References 15 publications

Supporting

Mentioning

Contrasting

Order By: Relevance

“…9 Our approach to modeling the agent's possible consistent misperception of the incremental likelihood of an accident while engaged in active transportation is motivated by a strand of the law and economics literature. See, for example, Bebchuk and Kaplow (1992), Posner (2003), Teitelbaum (2007), and Bhole and Wagner (2010). 10 The expected harm and risk-neutrality conceptual structure we have in mind is common in the law and economics literature, with the caveat that we are also not specifying either the probability of an accident occurring or the magnitude of harm should an accident occur as functions of the level of activity or of the level of precaution taken.…”

Section: The Baseline Modelmentioning

confidence: 99%

See 1 more Smart Citation

Green Consumption under Misperceived Prices: An Application to Active Transportation

Petre

Wagner

2013

Southern Economic Journal

Self Cite

View full text Add to dashboard Cite

We propose a consumption model that captures the impact that perceived price ambiguities may have upon decision-making in green markets in general and in active transportation markets in particular. The basic intuition for the model is that a consumer who may be misperceiving the price of the green good (the active transportation mode) would be willing to pay a positive amount from her income in the current period to resolve the misperception going forward. We posit that the basis for the price misperception in the active transportation context is misperception of the relative risks involved in taking that mode. The compensating variation that aligns perceived and objective risk is derived. We show how raising green consumption via price misperception correction can be superior to traditional economic policy instruments. The results shed light on the more general family of situations in which agents may consistently misperceive aspects of the decision environment.JEL Classification: R41, Q58, D81 * 8223 Ridge Boulevard,

show abstract

Section: The Baseline Modelmentioning

confidence: 99%

“… Our approach to modeling the agent's possible consistent misperception of the incremental likelihood of an accident while engaged in active transportation is motivated by a strand of the law and economics literature. See, for example, , , , and .…”

mentioning

confidence: 99%

Green Consumption under Misperceived Prices: An Application to Active Transportation

Petre

Wagner

2013

Southern Economic Journal

Self Cite

View full text Add to dashboard Cite

show abstract

Behavioral Economics and Tort Law

Halbersberg

Guttel

2014

The Oxford Handbook of Behavioral Economics and the Law

View full text Add to dashboard Cite

The chapter discusses the contributions of cognitive psychology and behavioral studies to the research of tort law. These contributions, we show, relate to a wide range of issues in torts: from the basic decision to impose tort liability, through the choice between liability rules, to specific rules and remedies. Accordingly, behavioral studies are of particular significance for the analysis of the tort system. The literature review focuses on contributions made to three key elements of tort law: the choice between liability regimes; the choice between tort liability and regulation (including the choice between harm-based and risk-based liability); and damages (in particular, punitive damages and damages for pain and suffering). The chapter also offers two new avenues for future research: vicarious liability and people’s perceptions of the variability among large groups of tort victims.

show abstract

Punitive damages and the recklessness requirement with uninformed injurers

Cited by 2 publications

References 15 publications

Green Consumption under Misperceived Prices: An Application to Active Transportation

Green Consumption under Misperceived Prices: An Application to Active Transportation

Behavioral Economics and Tort Law

Contact Info

Product

Resources

About