AN ECONOMIC ANALYSIS OF ECONOMIC LOSS

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AMINI MANSOUR; daryaee reza

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Journal: LEGAL RESEARCH Year:2019 | Volume:22 | Issue:86 Page(s): 169-191

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Title

AN ECONOMIC ANALYSIS OF ECONOMIC LOSS

Author(s)

AMINI MANSOUR | daryaee reza | Issue Writer Certificate

Keywords

pure economic lossQ1

economic lossQ1

private damageQ1

social damageQ1

internalize expensesQ1

Abstract

One of the most arguable issues in tort law is analyzing the compensation of pure economic loss which is not the waste of property, benefit and personal damage and is not aroused from them. In relation to compensation of pure economic loss, legal systems do not have consensus. In this article we answer this question that depending on economic analysis, is pure economic loss recoverable? According to economic analysis of law, since pure economic loss leads to private loss not social loss, it should not be recoverable. In other words economical loss is just wealth transfer from a person to another one, therefore the action of a person causing impair cannot be lead to a damage to society, that is, this kind of damage is impossible to compensate. But it is not thoroughly correct. Applying different aspects in calculating social loss such as increased capacity and internalized expenses of liability with subrogation principle can indicate the scope of compensable pure economic loss in the view of economic analysis.

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APA: Copy

AMINI, MANSOUR, & daryaee, reza. (2019). AN ECONOMIC ANALYSIS OF ECONOMIC LOSS. REVUE DE RECHERCHE JURIDIQUE, 22(86 ), 169-191. SID. https://sid.ir/paper/377410/en

Vancouver: Copy

AMINI MANSOUR, daryaee reza. AN ECONOMIC ANALYSIS OF ECONOMIC LOSS. REVUE DE RECHERCHE JURIDIQUE[Internet]. 2019;22(86 ):169-191. Available from: https://sid.ir/paper/377410/en

IEEE: Copy

MANSOUR AMINI, and reza daryaee, “AN ECONOMIC ANALYSIS OF ECONOMIC LOSS,” REVUE DE RECHERCHE JURIDIQUE, vol. 22, no. 86 , pp. 169–191, 2019, [Online]. Available: https://sid.ir/paper/377410/en

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