Is Compensation Fine? – Sanction Regimes and their Effects on Deterrence and Trust
This lecture is part of Prof. Schäfer's ring lecture "New Frontiers in Law and Economics".
A damage compensation under civil liability can be a price or a sanction. If it is a sanction It signals that the tortfeasor has done something morally wrong otherwise not. The consequences of civil liability differ in the two cases. This difference has not been properly studied in the law and economics literature. The lecture is given by Prof. Dr. Franziska Weber, University of Rotterdam.