Torts Theories

1. Theories used in torts cases
   The Hand Formula
2. Theories used to explain torts results
   
   Levmore's conjecture: a liability rule or property rule is more stable where changing the rule would have greater effects on the distribution of entitlements or behavior.
   
   The Coase Theorem:
   transaction costs
   information costs
   ex ante hypothetical bargain
   The least cost avoider principle
   information-forcing rules
   deterrence
   [multiple deterrence]
   [Insurance costs]
   moral hazard
   Net social loss doctrine
   Recurring miss cases
   symmetrical activity use
   [activity level] effects
   
   [icon: vodka]