Jump to ContentJump to Main Navigation
Contract GovernanceDimensions in Law and Interdisciplinary Research$
Users without a subscription are not able to see the full content.

Stefan Grundmann, Florian Möslein, and Karl Riesenhuber

Print publication date: 2015

Print ISBN-13: 9780198723202

Published to Oxford Scholarship Online: September 2015

DOI: 10.1093/acprof:oso/9780198723202.001.0001

Show Summary Details
Page of

PRINTED FROM OXFORD SCHOLARSHIP ONLINE (www.oxfordscholarship.com). (c) Copyright Oxford University Press, 2017. All Rights Reserved. Under the terms of the licence agreement, an individual user may print out a PDF of a single chapter of a monograph in OSO for personal use (for details see http://www.oxfordscholarship.com/page/privacy-policy).date: 19 November 2017

Class Actions, Compliance, and Moral Cost

Class Actions, Compliance, and Moral Cost

Chapter:
(p.276) 9 Class Actions, Compliance, and Moral Cost
Source:
Contract Governance
Author(s):

Bruno Deffains

Dominique Demougin

Publisher:
Oxford University Press
DOI:10.1093/acprof:oso/9780198723202.003.0016

This chapter studies the effects of introducing class actions in a competitive environment where some firms have intrinsic motivation to implement the efficient care level. The standard aggregation argument in favour of class action holds that we will see increasing efficiency due to lower litigation costs. In the short run, intrinsically motivated firms benefit from the introduction of a class action procedure. In the long run, new entrants are attracted in the market thereby increasing consumer surplus. These entrants are all intrinsically motivated, and overall average care increases.

Keywords:   class actions, liability, intrinsic motivation, care, efficiency

Oxford Scholarship Online requires a subscription or purchase to access the full text of books within the service. Public users can however freely search the site and view the abstracts and keywords for each book and chapter.

Please, subscribe or login to access full text content.

If you think you should have access to this title, please contact your librarian.

To troubleshoot, please check our FAQs , and if you can't find the answer there, please contact us .