ECON 367 Lecture Notes - Lecture 27: O. J. Simpson, Wrongful Death Claim, Hobo
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Econ 367: economic analysis of law (lecture 27) Pinch and punish (jail/injunction) or take but compensate. = transaction costs determine which method to use. Trans. costs + enforcement method: if tc low, use pinch/punish, if tc high, use take but compensate. A civil wrong (fancy word for causing non-criminal harm to an individual/group of individuals. Oj simpson was accused for murder by the state (criminal law), but he was acquitted. > however, the father of the man he allegedly killed then sued him for wrongful death (tort law) and he was charged. > you must have all elements present to invoke a tort! * torts and criminal law can cover the same thing with different names/outcomes in the court of law. * remember though, at the end of the day, judgment just equals the judge s own. * the judge is just dictating what he feels is (cid:498)reasonable(cid:499); that word will differ from opinion place to place.
