Which of the following statements is true regarding the efficiency of strict liability in the one-sided precaution

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Which of the following statements is true regarding the efficiency of strict liability in the one-sided precaution model?

Strict liability puts all the burden of the accident on the injurer, resulting in over precaution incentives for the injurer.

Strict liability causes the injurer to internalize all the cost and benefits from precaution, resulting in an optimal precaution level.

Strict liability causes the injurer to be liable for the cost of the accident, resulting in underprecaution as the injurer is discouraged from investing in precaution due to the injurer's inability to escape liability.

Related Book For answer-question

Smith and Roberson Business Law

ISBN: 978-0538473637

15th Edition

Authors: Richard A. Mann, Barry S. Roberts

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Posted Date: Jan 04, 2024 12:02 AM

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Which of the following statements is true regarding the efficiency of strict liability in the one-sided precaution

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Smith and Roberson Business Law

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