Erratum
Erratum to ‘On the Joint Use of Liability and Safety
Regulation’
[
International Review of Law and Economics
(2000),
20
, 371–382]
P.W. Schmitz
Due to a printer’s error, Proposition 2 in the above article was published incorrectly. The correct version of Proposition 2 is shown below.
Proposition 2: Let the wealth of poor injurers be given by yp , yˆ, and the wealth of rich injurers by yr . E(h)/q. If the proportion of poor injurers, p, is sufficiently large, then
expected total costs are strictly smaller under joint use of regulation and liability than under either regulation or liability alone.
International Review of Law and Economics 20 (2000) 575
