Date:
Thu, 15 Sep 2005 12:29:05 -0400
From:
Allan Axelrod
Subject:
Apportionment and causative potency
Economists
may have something in the way of nothing to contribute -- when you
acquire an item worth $xy+ by spending $x on one component which
has a Latin name, happens to weigh fourteen tons and sits on 20
square yards of dirt, and $y on another which has a Greek name,
happens to weigh three ounces but covers thinly a football field,
I believe there is no economic theory which purports in any sense
to apportion the acquired value between the two inputs -- neither
by weight bulk name cost or any other creative variable which occurs
to you.
Charles
Mitchell wrote:
As
I understand David Cheifetz's position, he takes a sceptical view
of claims that one person's actions can ever meaningfully be said
to have been a more potent cause of harm than another's. I am less
sceptical, although I accept that apportionment on this basis is
a more or less rough and ready process, depending on the facts of
a case. I'm sure that David can point to examples where efforts
to apportion on this basis are obviously doomed to failure, but
that doesn't mean that it can never be meaningfully done. There
was a case in the English CA last year where this problem was touched
on: Barker
v Saint Gobain Pipelines plc [2004] EWCA Civ 545.
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