My prof spent a bunch of time explaining allocative efficiency and distributional fairness economic principles. I get the concepts, but am having trouble figuring out where they would even go in an analysis of a hypothetical on the exam. He discussed them in the context of comparing strict liability and negligence regimes, but since its now established that only certain specific instances are governed by SL (ie: products liability, ultrahazards, nuisance, etc) and the rest is negligence, I don't see where a discussion of the economics of each would apply. He spent so much time on it in class though that I have a hard time believing he doesn't want it to show up somewhere. Anybody know where I could stick these into an analysis? Thanks
Discussion
Resources
