The text observed that strict liability and negligence liability both produce an outcome in which the socially
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The text observed that strict liability and negligence liability both produce an outcome in which the socially efficient level of precaution is undertaken, but that their distributional impacts are different. In the light of the results given in the text about those distributional outcomes, what do you consider to be the relative merits of strict versus negligence liability?
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Natural Resource And Environmental Economics
ISBN: 9780321417534
4th Edition
Authors: Roger Perman, Yue Ma, Michael Common, David Maddison, James McGilvray
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