Title

Injurers versus Victims: (A)Symmetric Reactions to Symmetric Risks

Publication

B.E. Journal of Theoretical Economics

Volume

21

Year

2021

Abstract

Tort models assume symmetry in the behavior of injurers and victims when faced by a threat of liability and a risk of harm without compensation, respectively. This assumption has never been empirically validated. Using a novel experimental design, we study the behavior of injurers and victims when facing symmetric accident risks. Experimental results provide qualified support for the symmetric behavior hypothesis.

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