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dc.contributor.authorKaplow, Louis
dc.contributor.authorShavell, Steven
dc.date.accessioned2013-05-07T18:29:27Z
dc.date.issued1996
dc.identifier.citationLouis Kaplow and Steven Shavell, Accuracy in the Assessment of Damages, 39 J. L. Econ. 191 (1996).en_US
dc.identifier.issn0022-2186en_US
dc.identifier.urihttp://nrs.harvard.edu/urn-3:HUL.InstRepos:10611796
dc.description.abstractAssessment of damages is a principal issue in litigation and, in light of this, we consider the social justification for, and the private benefits of, accurate measurement of harm. Greater accuracy induces injurers to exercise levels of precaution that better reflect the magnitude of the harm they are likely to generate, and, relatedly, it stimulates uninformed injurers to learn about risks before acting. However, accuracy in assessment of harm cannot influence the behavior of injurers-and is therefore of no social value-to the degree that they lack knowledge of the harm they might cause when deciding on their precautions. Regardless of the social value of accuracy, litigants generally gain by devoting resources toward proof of damages, leading often to socially excessive private incentives to establish damages.en_US
dc.language.isoen_USen_US
dc.publisherUniversity of Chicago Pressen_US
dc.relation.isversionofhttp://www.jstor.org/stable/725773en_US
dash.licenseLAA
dc.titleAccuracy in the Assessment of Damagesen_US
dc.typeJournal Articleen_US
dc.description.versionProofen_US
dc.relation.journalJournal of Law and Economics -Chicago-en_US
dash.depositing.authorKaplow, Louis
dc.date.available2013-05-07T18:29:27Z
dc.identifier.doi10.3386/w4287
dash.contributor.affiliatedKaplow, Louis
dash.contributor.affiliatedShavell, Steven


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