The Economic Analysis of Law: The Effects of Liability on Road Safety - The Portuguese Case
- ISBN-10
- 9898191651
- ISBN-13
- 9789898191656
- Category
- Business & Economics
- Pages
- 21
- Language
- English
- Published
- 2015-05-06
- Publisher
- Sílabas & Desafios
- Author
- Arlindo Donário
Description
In this book, after an analysis of the liability system, we analyzed the effects of law enforcement by the courts and by insurers with respect to claims for damages arising from road accidents, in particular, the effects due to the variability of tort awards granted by courts for similar cases, as well as the effects due to judicial delay, which combined with the variability of tort awards granted by courts for similar cases, wich tend to decrease efficiencyleading to a lower level of care, especially for drivers, with consequences on a larger number of accidents and therefor in more deaths and injuries. This study seeks to highlight the importance of law enforcement, to the functioning of society in general and for the reduction of road accidents in particular. The tort system is an important instrument that can affect the number of accidents. A viable tort system should be able to contribute towards general deterrence while providing equitable compensation to accident victims.
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