Principal-Agent Liability

A. Mitchell Mitchell Polinsky

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SSRN Electronic Journal

Article . 2003 . Peer-reviewed

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https://dx.doi.org/10.2139/ssr...

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Principal-Agent Liability

descriptionPublicationkeyboard_double_arrow_right Article , Other literature type 01 Jan 2003 English Publisher:Elsevier BVJournal:SSRN Electronic Journal (eissn: 1556-5068,

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Authors: A. Mitchell Mitchell Polinsky;

doi: 10.2139/ssrn.413103

Principal-Agent Liability

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Abstract

This essay is a new chapter in An Introduction to Law and Economics (Third Edition, forthcoming 2003). It reexamines some of the principles of liability from earlier chapters when harm is caused by an agent who is under the supervision of a principal. The primary questions addressed are: Is the optimal level of liability different when harm is caused by an agent of a principal rather than by a single actor? Should liability be imposed on the principal, the agent, or both? If on both, what is the optimal mix of liability between the principal and the agent?

Related Organizations

National Bureau of Economic Research
United States
Stanford University
United States

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