Liability rule failures? Evidence from german court decisions.

Annika Pape

Liability rule failures? Evidence from german court decisions.

Publikation: Arbeits- oder Diskussionspapiere und Berichte › Arbeits- oder Diskussionspapiere

Standard

Liability rule failures? Evidence from german court decisions. / Pape, Annika.
300. Aufl. Lüneburg: Institut für Volkswirtschaftslehre der Universität Lüneburg, 2014. S. 1-32 (Working Paper Series in Economics; Nr. 300).

Publikation: Arbeits- oder Diskussionspapiere und Berichte › Arbeits- oder Diskussionspapiere

Harvard

Pape, A 2014 'Liability rule failures? Evidence from german court decisions.' Working Paper Series in Economics, Nr. 300, 300 Aufl., Institut für Volkswirtschaftslehre der Universität Lüneburg, Lüneburg, S. 1-32.

APA

Pape, A. (2014). Liability rule failures? Evidence from german court decisions. (300 Aufl.) (S. 1-32). (Working Paper Series in Economics; Nr. 300). Institut für Volkswirtschaftslehre der Universität Lüneburg.

Vancouver

Pape A. Liability rule failures? Evidence from german court decisions. 300 Aufl. Lüneburg: Institut für Volkswirtschaftslehre der Universität Lüneburg. 2014, S. 1-32. (Working Paper Series in Economics; 300).

Bibtex

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title = "Liability rule failures? Evidence from german court decisions.",

abstract = "Liability Rule Failures? Evidence fromGerman Court DecisionsAnnika Pape∗May 7, 2014Since 2007, all insurance intermediaries face negligence liability that is sup-posed to reallocate risks and set economic incentives. Nonetheless, furthermeasures are taken to improve consumer protection. So, the question arisesdoes the liability rule influence the agents behavior, or not, and does it influ-ence in the intended way, or not? Do court cases provide evidence for failureof the current liability rule? Based upon an economic analysis of liabilityrules, aspects concerning potential failures can be derived. An analysis oftwelve verdicts suggests that understatement of intermediary responsibilityas well as a potential overstatement of the consumer responsibility yieldssuboptimal results. Often, missing documentation reinforces that tendency.",

keywords = "Economics",

author = "Annika Pape",

year = "2014",

language = "English",

series = "Working Paper Series in Economics",

publisher = "Institut f{\"u}r Volkswirtschaftslehre der Universit{\"a}t L{\"u}neburg",

number = "300",

pages = "1--32",

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RIS

TY - UNPB

T1 - Liability rule failures? Evidence from german court decisions.

AU - Pape, Annika

PY - 2014

Y1 - 2014

N2 - Liability Rule Failures? Evidence fromGerman Court DecisionsAnnika Pape∗May 7, 2014Since 2007, all insurance intermediaries face negligence liability that is sup-posed to reallocate risks and set economic incentives. Nonetheless, furthermeasures are taken to improve consumer protection. So, the question arisesdoes the liability rule influence the agents behavior, or not, and does it influ-ence in the intended way, or not? Do court cases provide evidence for failureof the current liability rule? Based upon an economic analysis of liabilityrules, aspects concerning potential failures can be derived. An analysis oftwelve verdicts suggests that understatement of intermediary responsibilityas well as a potential overstatement of the consumer responsibility yieldssuboptimal results. Often, missing documentation reinforces that tendency.

AB - Liability Rule Failures? Evidence fromGerman Court DecisionsAnnika Pape∗May 7, 2014Since 2007, all insurance intermediaries face negligence liability that is sup-posed to reallocate risks and set economic incentives. Nonetheless, furthermeasures are taken to improve consumer protection. So, the question arisesdoes the liability rule influence the agents behavior, or not, and does it influ-ence in the intended way, or not? Do court cases provide evidence for failureof the current liability rule? Based upon an economic analysis of liabilityrules, aspects concerning potential failures can be derived. An analysis oftwelve verdicts suggests that understatement of intermediary responsibilityas well as a potential overstatement of the consumer responsibility yieldssuboptimal results. Often, missing documentation reinforces that tendency.

KW - Economics

M3 - Working papers

T3 - Working Paper Series in Economics

SP - 1

EP - 32

BT - Liability rule failures? Evidence from german court decisions.

PB - Institut für Volkswirtschaftslehre der Universität Lüneburg

CY - Lüneburg

ER -

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