1) What is the efficient behavior of the driver? Why? 2) Define the standard of care as...
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Question:
1) What is the efficient behavior of the driver? Why?
2) Define the standard of care as the efficient outcome (behavior). Would a rule of strict liability lead to an efficient outcome on the part of the driver? Why or why not?
3) Define the standard of care as the efficient outcome (behavior). Would a rule of negligence lead an efficient outcome on the part of the driver? Why or why not?
Unilateral Care Model
Behavior of Driver | Benefit to Driver | Expected Accident Cost to Pedestrian |
Drive rapidly | $500 | $300 |
Drive moderately | $320 | $170 |
Drive slowly | $150 | $50 |
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