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Effects of Court Errors on Efficiency of Liability Rules: When Individuals are Imperfectly Informed

By Ram Singh

Abstract

The aim of this paper is to study the effects of court errors in estimating the harm, on the parties' behaviour regarding the levels of care they take, and their decision to buy the information about the court errors. The analysis is carried out in a unified framework. [CDE-DSE WP no. 97].information, victim, liability paymentsocial costs, court errors, decision,

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