@article{ref1,
title="The Decision for Accidents: An Approach to Nonfault Allocation of Costs",
journal="Harvard law review",
year="1965",
author="Calabresi, Guido",
volume="78",
number="4",
pages="713-745",
abstract="Although it may seem desirable to seek to eliminate accident-causing activities, virtually all societies decide that many activities, though certain to cause some accidents, are nonetheless valuable enough to be allowed. Professor Calabresi examines this &quot;decision for accidents&quot; in light of the goals of accident law such as deterrence and compensation. Although he does not propose a specific liability plan or scheme, he formulates a theoretical framework for nonfault liability in which risky activities reflect in their market prices the cost of their accidents, and in which specific &quot;useless&quot; conduct is deterred by criminal and semicriminal penalties. He next analyzes what is meant by &quot;costs of accidents&quot; and concludes with an examination of the methods of allocating accident costs to the activities involved in accidents.<p />",
language="",
issn="0017-811X",
doi="10.2307/1338791",
url="http://dx.doi.org/10.2307/1338791"
}