eTextbook: Getting Incentives Right

Book Jacket Image

List Price 1: $39.50

eTextbook Purchase: $31.60

You save $7.90

Are you a school looking to buy multiple copies of this book?

  • Free Book Promotion

    For a limited time, this book is eligible for free.

    Click here to redeem the Facebook Offer

    Author(s): Cooter, Robert D.; Porat, Ariel

    ISBN 10: 0691151598. See all ISBN's

    ISBN 13: 9780691151595

    Edition:

    Publisher: Princeton University Press

    This is an eTextbook Learn More

    Description:

    Lawyers, judges, and scholars have long debated whether incentives in tort, contract, and restitution law effectively promote the welfare of society. If these incentives were ideal, tort law would reduce the cost and frequency of accidents, contract law would lubricate transactions, and restitution law would encourage people to benefit others. Unfortunately, the incentives in these laws lead to too many injuries, too little contractual cooperation, and too few unrequested benefits. Getting Incentives Right explains how law might better serve the social good.

    In tort law, Robert Cooter and Ariel Porat propose that all foreseeable risks should be included when setting standards of care and awarding damages. Failure to do so causes accidents that better legal incentives would avoid. In contract law, they show that making a promise often causes the person who receives it to change behavior and undermine the cooperation between the parties. They recommend several solutions, including a novel contract called "anti-insurance." In restitution law, people who convey unrequested benefits to others are seldom entitled to compensation. Restitution law should compensate them more than it currently does, so that they will provide more unrequested benefits. In these three areas of law, Getting Incentives Right demonstrates that better law can promote the well-being of people by providing better incentives for the private regulation of conduct.

    All ISBN's for this title:

    ISBN 10: 0691151598, ISBN 13: 9780691151595, eISBN 10: 1400850398, eISBN 13: 9781400850396

    1. List price can refer to either the digital or print list price, whichever is available to Kno.

Cool Product Features

Kno In Action

Search

Journal

Flashcards

Kno Me

Smart Links