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Legal Liability When Individuals Have Moral Concerns
2009
Social Science Research Network
We incorporate normative motivations into the economic model of accidents and tort rules. The social norm is that one should avoid harming others and should compensate if nevertheless harm is caused. To some extent, this is internalized through intrinsic moral concerns; moreover, those thought not to adhere to the norm are met with social disapproval. Moral and reputational concerns are not strong enough, however, for injurers to willingly compensate their victims. Absent legal liability,
doi:10.2139/ssrn.1516337
fatcat:2xarhhvdpzh25n7gctzxzcc5ai