Abstract:Present-day scholarship on the law of delicts (or the law of torts) can be broadly divided into two 'camps' .1 The first group of theorists manages a consequentialist conception: the system of delictual liability is modelled in view of the consequences it yields. Since the work of Ronald Coase, Guido Calabresi, and Richard Posner, these consequences are often seen in economic terms. The costs of accidents are externalities; the prevention of those externalities also leads to costs. It is the role of the law of… Show more
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