Now showing items 1-5 of 5
Punitive Damages: How Jurors Fail to Promote Efficiency
(Harvard Journal on Legislation, 2002)
Evidence of corporate risk-cost balancing often leads to inefficient punitive damages awards, suggesting that jurors fail to base their decision making on principles of economic efficiency. In this Article, Professor Viscusi ...
Juries, Hindsight, and Punitive Damages Awards: Reply to Richard Lempert
(DePaul Law Review, 2002)
Richard Lempert, a Professor of Law and Sociology at the University of Michigan criticized our recent article on judge and jury performance of a punitive damage judgment task, calling it a "failure of a social science case ...
The New Cigarette Paternalism
Smoking is by far the largest single risk that most people take. Perhaps in part because of that prominence, smoking has been the target of a wide variety of regulations and legal action. The controversy over tobacco ...
The Market Value of Reducing Cancer Risk: Hedonic Housing Prices with Changing Information
(Southern Economic Journal, 2002)
In this paper, we use housing price changes occurring after the release of a regulatory agency's environmental risk information to estimate the value people place on cancer risk reduction. Using a large original data set ...
Safety at Any Price
After three decades of experience with extensive government regulation and oversight of health, safety and environmental matters, we have reason to believe that those measures have largely failed to fulfill their initial ...