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The Impact of bahavioural Law and Economics on Accident Law

The Impact of bahavioural Law and Economics on Accident Law
  • Jaar van uitgave 2009
  • 83 pagina's
Auteur:M.G. Faure
Reeks:Erasmus Law Lectures (deel 19)
Rubriek: Juridisch Metajuridica
Icon_printbook 978‐90‐8974‐157‐8 | paperback | 1e druk | € 28,00

On 12 June 2009,Michael Faure accepted the position of Professor in Comparative Private Law andEconomics at Erasmus University Rotterdam. In his inaugural speech Faurediscusses the importance of behavioural studies for the economic analysis ofaccident law. The assumptions of traditional economic models of tort andinsurance are discussed as well as the main findings of behavioural law andeconomics. Also, the consequences of the behavioural studies for the economicanalysis of tort law and insurance are addressed. Faure claims that as far asthe economics of tort is concerned it may be difficult to incorporate the resultsof the behavioural studies since it could substantially increase theadministrative costs of applying tort rules. As far as the area of insurance isconcerned cognitive limitations may (e.g. as far as natural disasters are concerned)constitute an argument in favour of mandatory insurance in particular areas.

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Michael Faure (1958) acquired his doctoral degree in 1989 with a thesis on enforcementof environmental law through criminal law. He started in 1991 as professor of internationaland comparative environmental law and as academic director of the MaastrichtEuropean Institute for Transnational Legal Research (METRO) and still holds bothpositions today.