Negligence versus Strict Liability.The rules of liability pose an interesting study in law and economics.
The various legal systems, the various rules of liability, and the unfathomable number of possible economic outcomes make a brief analysis impossibly difficult. Nevertheless, with a few simplifications, it is possible to shed some light onto the general concepts that surround the issues. This is what this paper proposes to do. 3 pgs. 0 f/c. 3b.
