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Some Notes On Property Rules, Liability Rules, And Criminal Law, Keith N. Hylton
Some Notes On Property Rules, Liability Rules, And Criminal Law, Keith N. Hylton
Faculty Scholarship
The property-liability rules framework, which offers a robust positive theory of criminal law, has come under attack in recent years. One critique, which I label the Indifference Proposition, argues that property rules and liability rules are equivalent in low transaction cost settings. In this paper I examine the conditions under which the Indifference Proposition is valid. In several plausible low transaction-cost settings the proposition is not valid.
The Economic Theory Of Nuisance Law And Implications For Environmental Regulation, Keith N. Hylton
The Economic Theory Of Nuisance Law And Implications For Environmental Regulation, Keith N. Hylton
Faculty Scholarship
In this article, I will explore in detail the structure of nuisance law as a mechanism for regulating environmental interferences and suggest a modernized enforcement regime. The modem regime would retain public enforcement primarily in identifying environmental harms. Public enforcement might also be retained in the discovery of sources of harm, as long as it is more efficient than private enforcement in that task. However, enforcement efforts in the proposed regime would largely be delegated to private enforcers. Moreover, the decentralized approach would permit tougher environmental rules than under the public enforcement approach in some areas, and perhaps weaker regulations …
Property Rules, Liability Rules, And Immunity: An Application To Cyberspace, Keith N. Hylton
Property Rules, Liability Rules, And Immunity: An Application To Cyberspace, Keith N. Hylton
Faculty Scholarship
This Article sets out a theory of torts and cyberspace wrongs. My goal is to provide a sparse theoretical account of tort law and apply it to cyberspace torts, both negligent and intentional. I approach this goal by applying the framework of property rules and liability rules to cyberspace torts. That framework suggests that trespass doctrine is appropriate in instances of cyber invasions of private information resources, such as the breaking of codes to access private information on the web. However, trespass doctrine should play no role in cyber-invasions of public information resources, such as the sending of spam email. …
Duty In Tort Law: An Economic Approach, Keith N. Hylton
Duty In Tort Law: An Economic Approach, Keith N. Hylton
Faculty Scholarship
Theories of tort law have focused on the breach and causation components of negligence, saying little if anything about duty. This paper provides a positive economic theory of duty doctrine. The theory that best explains duty doctrines in tort law is the same as the theory that explains strict liability doctrine. The core function of both sets of doctrines is to regulate the frequency or scale of activities that have substantial external effects. Strict liability aims to suppress or tax activities that carry unusually large external costs. Duty doctrines, especially those relieving actors of a duty of care, serve several …
Property Rules And Liability Rules, Once Again, Keith N. Hylton
Property Rules And Liability Rules, Once Again, Keith N. Hylton
Faculty Scholarship
In recent years, new articles presenting rigorous analyses of bargaining incentives have overturned some of the fundamental claims made by Calabresi and Melamed in their seminal article on property rules and liability rules published in 1972. In particular, the proposition that property rules are socially preferable to liability rules when transaction costs are low appears to be either no longer valid or severely weakened under the new analyses. This paper reexamines the property rule versus liability rule question in light of the contributions of the recent bargaining theory literature. In contrast to this literature, I find that the fundamental propositions …