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Article

Access_open From Individuals to Organizations: The Puzzle of Organizational Liability in Tort Law

Journal The Dovenschmidt Quarterly, Issue 2 2015
Keywords organizational liability, tort law, organizational design, organizational wrongdoing, law and economics
Authors Klaus Heine and Kateryna Grabovets
AbstractAuthor's information

    Organizational accidents have two generic sources: individual wrongdoings and organizational failures. Economic analysis of tort law is methodologically based on the “fiction” (Gordon 2013) of a rational individual, from which “simple rules for a complex world” (Epstein 1995) are derived. As a result, organizational wrongdoing boils down to a simple principal-agent problem, neglecting the complexity of organizational reality. We shed more light on organizational factors as a separate trigger of organizational wrongdoing. We take an interdisciplinary perspective on the problem, which challenges traditional economic analysis of tort law with insights drawn from organizational science. Moreover, we demonstrate how tort law and economic analysis can be enriched with these insights.


Klaus Heine
Prof. Dr. Klaus Heine (Corresponding author), Jean Monnet Chair of Economic Analysis of European Law, Erasmus School of Law – RILE, Erasmus University Rotterdam, Burgemeester Oudlaan 50, Room J6-59, Postbus 1738, NL-3000 DR Rotterdam, The Netherlands. Tel: 0031 (0)10 4082691; Fax: 0031 (0)10 4089191.

Kateryna Grabovets
Dr. Kateryna Grabovets, Rotterdam Business School (RBS), Rotterdam University of​Applied‍ Sci‍ences,‍ Kralingse Zoom 91, Room C3.121, 3063 ND Rotterdam; P.O. Box 25035, 3001 HA Rotterdam, The Netherlands.​Tel:‍ 0031‍ (0)10‍ 7946243. k.a.grabovets@hr.nl
Article

Access_open The Quest for Behavioural Antitrust

Beyond the Label Battle, Towards a Cognitive Approach

Journal The Dovenschmidt Quarterly, Issue 2 2013
Keywords antitrust, behavioural economics, cognitive economics and law, predatory pricing, intent
Authors Luca Arnaudo
AbstractAuthor's information

    Over the past two decades behavioural economics has gained widespread consensus, and, as a consequence, is affecting many areas of law and economics. Antitrust is currently providing an interesting case study of this cultural-academic trend with a growing number of articles and comments focusing on “behavioural antritrust”. This article considers the state of the art of the behavioural approach to antitrust, taking the case of predatory pricing as useful test-bed for better evaluating practical perspectives of such an approach. The article suggests a “step beyond” by sketching a cognitive upgrade of antitrust. This move is coherent with a broader cognitive law framework that is in line with what is happening within contemporary economic theory.


Luca Arnaudo
Luca Arnaudo, Ph.D. Italian Competition Authority, Investigative Directorate Rome. This article benefited from comments and criticism from Harry Gerla, Giacomo Luchetta, Roberto Pardolesi, Maurice Stucke, participants at the VII National Convention of the Italian Society of Law and Economics, and two anonymous referees; usual disclaimers apply. Please send any comments to lucarnaudo@gmail.com.
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