Research Handbook on the Economics of Insurance Law
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Research Handbook on the Economics of Insurance Law

Edited by Daniel Schwarcz and Peter Siegelman

Insurance law and insurance economics each have long and distinguished scholarly histories, but participants in the two disciplines have not always communicated well across academic silos. The Handbook encourages more policy-relevant insurance economics scholarship and more economically sophisticated legal scholarship by bringing together original contributions from leading scholars in insurance law and insurance economics on a range of issues involving insurance law and regulation.
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Chapter 15: The law and economics of liability insurance: A theoretical and empirical review

Tom Baker and Peter Siegelman

Extract

15. The law and economics of liability insurance: A theoretical and empirical review The law and economics of liability insurance Tom Baker and Peter Siegelman* I. INTRODUCTION Tort cases are typically denominated in terms of a victim suing an inj...

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