Does Evidentiary Uncertainty Induce Excessive Injurer Care?

Does Evidentiary Uncertainty Induce Excessive Injurer Care?
Yoo, Yoon-Ha
tort law; negligence rules; uncertainty
Issue Date
Series/Report no.
KDI Working Paper Series;03-02
We derive the precise conditions under which over- or under-compliance can take place under imperfect information about the care levels chosen by both injurer and victim in a tort litigation. The conditions identified turn out to be more complicated than are usually presumed in the literature. A correct evaluation requires us to consider both the pure uncertainty effect as well as the feedback effect. Properly done, the overall effects of uncertainty on care levels are always indeterminate, depending on various factors such as costs of care, the size of expected accident loss, the degree of dispersion and bias of the judgment error distribution.
Files in This Item:
Appears in Collections:
KDI School Working Paper Series

Items in DSpace are protected by copyright, with all rights reserved, unless otherwise indicated.