Quasi-delicts reduce societal risks, burdens

Our law on quasi-delicts seeks to reduce the risks and burdens of living in society and to allocate them among the members of society. (G.R. No. L-65295. March 10, 1987) Economic analysis of tort law focuses on the allocation of the risks of loss due to the destruction of property or injury to persons created by those activities. Tort law may be viewed as a system of rules designed to maximize wealth by allocating risks so as to minimize the costs associated with engaging in daily activities. (David W. Barnes and Lynn A. Stout, Economic Analysis of Tort Law, 1992 Ed., p. 27)