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Full-Text Articles in Law
Deepwater Drilling: Law, Policy, And Economics Of Firm Organization And Safety, Mark A. Cohen
Deepwater Drilling: Law, Policy, And Economics Of Firm Organization And Safety, Mark A. Cohen
Vanderbilt Law Review
Nathan Richardson 64 Vand. L. Rev. 1853 (2011) Although the causes of the Deepwater Horizon spill are not yet conclusively identified, significant attention has focused on the safety-related policies and practices-often referred to as the safety culture-of BP and other firms involved in drilling the well. This Article defines and characterizes the economic and policy forces that affect safety culture and identifies reasons why those forces may or may not be adequate or effective from the public's perspective. Two potential justifications for policy intervention are that: (1) not all of the social costs of a spill may be internalized by …
Hedonic Damages, Hedonic Adaptation, And Disability, Samuel R. Bagenstos, Margo Schlanger
Hedonic Damages, Hedonic Adaptation, And Disability, Samuel R. Bagenstos, Margo Schlanger
Vanderbilt Law Review
Over the past quarter century, the concept of "adaptive preferences" has played an important role in debates in law, economics, and political philosophy. As Professor Jon Elster has described this psychological phenomenon, "people tend to adjust their aspirations to their possibilities." A number of prominent scholars have argued that the existence of adaptive preferences "raises serious problems for neoclassical economics and for unambivalent enthusiasm for freedom of choice." Because our current preferences are constrained by the opportunities available to us, proponents of adaptive preference theory contend, those preferences may not be the best guide to what is in our interests; …
Overlapping Coverages In Liability Contracts; Subrogation, John A. Appleman
Overlapping Coverages In Liability Contracts; Subrogation, John A. Appleman
Vanderbilt Law Review
Within the last twenty-five years, approximately, a considerable transition has taken place in approaching the coverages of automobile policies. At one time, liability insurers used to require their policy-holders to pledge that they did not carry other insurance of like character. It is difficult to understand why this situation ever arose. It may have been an outgrowth of fire coverages, or health and accident provisions, in which a moral hazard actually might exist where excessive protection is carried. Thereafter, instead of making this a matter of warranty, policies frequently provided that in the event there should be any other valid …
Federal Support Of Domestic Atomic Power Development -- The Policy Issues, James L. Morrisson
Federal Support Of Domestic Atomic Power Development -- The Policy Issues, James L. Morrisson
Vanderbilt Law Review
The possibility that controlled nuclear fission could produce useful energy was recognized early in 1939. During World War II developmental effort was focused on production of the bomb. Since the war, the U. S. atomic power program has grown to substantial proportions.By June 30, 1958, there were in operation in the United States one full scale civilian power reactor and seven civilian power reactor experiments, with a total rated electrical capacity of over 77,000 kw, as well as a number of military propulsion reactors and reactor experiments. There are currently planned fourteen power reactors in addition to the one now …