The Law and Economics of Tort Accidents, Illustrated
posted by Dave Hoffman
Via Andrew Sullivan comes this nice figure illustrating the effect of a car driver’s care level on pedestrians. It might have come directly from the chapter on the economics of tort law in Mitch Polinsky’s famous An Introduction to Law and Economics. The chart’s author, presumably unlike most mainstream law and economists, argues that local governments ought to be permitted more freedom to regulate driver speed (as opposed to letting the level vary ex post through a liability regime.) I think it might be a better example of the importance of regulations requiring sidewalks.