1. In the bilateral care model, explain which liability rule generates the optimal level of precaution from both the injurer and the victim. 2. What is the basic problem with the other rules that prevent them from generating the same result? 3. How does the introduction of contributory negligence change this, and why?

1. In the bilateral care model, explain which liability rule generates the optimal level of precaution from both the injurer and the victim. 2. What is the basic problem with the other rules that prevent them from generating the same result? 3. How does the introduction of contributory negligence change this, and why?

Exploring Economics

8th Edition

ISBN:9781544336329

Author:Robert L. Sexton

Publisher:Robert L. Sexton

Chapter17: Income, Poverty, And Health Care

Section: Chapter Questions

Problem 16P

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