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.

First Page

371

Source Publication

The New Palgrave Dictionary of Economics and the Law

Source Editors/Authors

Peter Newman

Publication Date

1998

Volume Number

2: E - O

Publisher

Macmillan; Stockton Press

Recommended Citation

Lewis A. Kornhauser & Richard L. Revesz, Joint and Several Liability, 2: E - O The New Palgrave Dictionary of Economics and the Law 371 (1998).
Available at: https://gretchen.law.nyu.edu/fac-chapt/1939