Strict tort liability: economic analysis Cover Image

Сувора деліктна відповідальність: економічний аналіз
Strict tort liability: economic analysis

Author(s): Bogdan Karnaukh
Subject(s): Civil Law, Law on Economics
Published by: Національний юридичний університет імені Ярослава Мудрого
Keywords: Law and economics; tort liability; strict tort liability; fault;

Summary/Abstract: The paper represents analysis of strict tort liability i.e. tort liability which is independent of fault. The economic ratio and allocative effects of such a regime are examined.As a conclusion it is stated that preventive effect of strict liability does not differ from the same effect of fault-based liability; but, unlike the fault-based liability, regime of strict tort liability not only induces to take reasonable precautions, but also ensures that social utility of the activity will be positive.

  • Issue Year: 2/2015
  • Issue No: 21
  • Page Range: 122-132
  • Page Count: 11
  • Language: Ukrainian