Author granted license

Creative Commons Attribution-NonCommercial-ShareAlike 4.0 International

Document Type

Book Chapter

Publication Date

7-2014

Editor(s)

Alain Marciano and Giovanni Battista Ramello

ISBN

9781461477525

Publisher

Springer

Language

en-US

Abstract

This entry sets out the law and the economic theory of nuisance. Nuisance law serves a regulatory function: it induces actors to choose the socially preferred level of an activity by imposing liability when the externalized costs of the activity are substantially greater than the externalized benefits or not reciprocal to other background external costs. Proximate cause doctrine plays a role in supplementing nuisance law.

Comments

Published as: "Nuisance," in Encyclopedia of Law and Economics, Living Reference Work edition, Alain Marciano & Giovanni B. Ramello, eds., Springer (2014).

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