Joint and Several Liability

Authors

Lewis A. Kornhauser, New York University School of LawFollow
Richard L. Revesz, New York University School of LawFollow

Files

Description

The law and economics analysis of the comparison of joint and several liability with non-joint (several only) liability focuses on the relative incentives for deterrence and for settlement generated by the two rules. Part I provides a brief background of the legal regimes. Parts II and III compare, respectively, the deterrence and settlement effects of the two rules.

Source Publication

The New Palgrave Dictionary of Economics and the Law

Source Editors/Authors

Peter Newman

Publication Date

1998

Volume Number

2: E - O

Recommended Citation

Kornhauser, Lewis A. and Revesz, Richard L., "Joint and Several Liability" (1998). Faculty Chapters. 1939.
https://gretchen.law.nyu.edu/fac-chapt/1939