Getting Incentives Right
(eBook)

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Published
Princeton University Press, 2014.
Format
eBook
Status
Available Online

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Language
English
ISBN
9781400850396

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Citations

APA Citation (style guide)

Robert D. Cooter., Robert D. Cooter|AUTHOR., & Ariel Porat|AUTHOR. (2014). Getting Incentives Right. Princeton University Press.

Chicago / Turabian - Author Date Citation (style guide)

Robert D. Cooter, Robert D. Cooter|AUTHOR and Ariel Porat|AUTHOR. 2014. Getting Incentives Right. Princeton University Press.

Chicago / Turabian - Humanities Citation (style guide)

Robert D. Cooter, Robert D. Cooter|AUTHOR and Ariel Porat|AUTHOR, Getting Incentives Right. Princeton University Press, 2014.

MLA Citation (style guide)

Robert D. Cooter, Robert D. Cooter|AUTHOR, and Ariel Porat|AUTHOR. Getting Incentives Right. Princeton University Press, 2014. Web.

Note! Citation formats are based on standards as of July 2010. Citations contain only title, author, edition, publisher, and year published. Citations should be used as a guideline and should be double checked for accuracy.

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Grouping Information

Grouped Work IDc5ff23d1-5d54-8326-8abc-a5db2a3ad4dc
Full titlegetting incentives right
Authorcooter robert d
Grouping Categorybook
Last Update2021-07-06 21:10:25PM
Last Indexed2021-08-03 04:27:49AM

Book Cover Information

Image Sourcehoopla
First LoadedNov 11, 2020
Last UsedApr 7, 2021

Hoopla Extract Information

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    [synopsis] => How tort, contract, and restitution law can be reformed to better serve the social good
Lawyers, judges, and scholars have long debated whether incentives in tort, contract, and restitution law effectively promote the welfare of society. If these incentives were ideal, tort law would reduce the cost and frequency of accidents, contract law would lubricate transactions, and restitution law would encourage people to benefit others. Unfortunately, the incentives in these laws lead to too many injuries, too little contractual cooperation, and too few unrequested benefits. Getting Incentives Right explains how law might better serve the social good.
In tort law, Robert Cooter and Ariel Porat propose that all foreseeable risks should be included when setting standards of care and awarding damages. Failure to do so causes accidents that better legal incentives would avoid. In contract law, they show that making a promise often causes the person who receives it to change behavior and undermine the cooperation between the parties. They recommend several solutions, including a novel contract called "anti-insurance." In restitution law, people who convey unrequested benefits to others are seldom entitled to compensation. Restitution law should compensate them more than it currently does, so that they will provide more unrequested benefits. In these three areas of law, Getting Incentives Right demonstrates that better law can promote the well-being of people by providing better incentives for the private regulation of conduct.
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    [subtitle] => Improving Torts, Contracts, and Restitution
    [publisher] => Princeton University Press
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