Admiralty lawthe law that deals with controversies arising on navigable watersused a rough-and-ready method of dealing with

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Admiralty law—the law that deals with controversies arising on navigable waters—used a rough-and-ready method of dealing with the problem of the administrative costs of comparative negligence. Rather than try to fine-tune the degrees of culpability between the contending parties, admiralty law simply split the losses 50-50 whenever there was negligence on the part of both parties. Comment on the efficiency of this method of reducing the administrative costs of comparative fault. Would you recommend that the admiralty rule be adopted in apportioning losses in, say, automobile accidents where both parties are at fault? Why or why not?

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Law and economics

ISBN: 978-0132540650

6th Edition

Authors: Robert cooter, Thomas ulen

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