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The core of pure economic loss [PDF]

open access: possibleInternational Review of Law and Economics, 2007
Should loss of earnings be compensated? The established law and economics wisdom considers pure economic loss as a transfer of wealth from the victim to a third party, whose earnings increase as a consequence of the accident. Such transfers do not amount to a social loss and, hence, should not be compensated.
Dari-Mattiacci, G., Schäfer, H.-B.
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