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Now showing items 11-20 of 44
Superfund and Real Risks
(The American Enterprise, 1994)
An analysis of the Superfund program represents the first systematic effort to document the character of the risks addressed by this legislation, which will in turn determine the total cleanup cost and the degree to which ...
Equivalent Frames of Reference for Judging Risk Regulation Policies
(N.Y.U. Environmental Law Journal, 1994)
Although the design of risk regulations has not yet attained what might be termed the economist's ideal of maximizing the difference between benefits and costs, substantial progress has been made in the design of regulatory ...
From Cash Crop to Cash Cow
(Regulation, 1997)
The 1990s have witnessed a blizzard of antismoking efforts. Hillary Clinton and a variety of supporters of the Clinton health care plan urged dramatically higher cigarette taxes to pay for expanded health insurance ...
Why There is No Defense of Punitive Damages
(The Georgetown Law Journal, 1998)
My analysis of punitive damages in environmental and products liability cases concludes that these awards impose substantial costs on society, and that abolishing punitive damages would improve social welfare. The two ...
Economic Foundations of the Current Regulatory Reform Efforts
(Journal of Economic Perspectives, 1996)
Almost since the inception of the risk and environmental agencies in the early 1970s, there has been a continuing concern with ensuring that regulations yield societal benefits commensurate with their costs. This recognition ...
Risk Perceptions in Regulation, Tort Liability, and the Market
(Regulation, 1991)
Risk regulations are generally based on a stylized view of the behavior of the individuals affected by the regulation. These behavioral assumptions establish the basis for regulation and also influence the character of the ...
Workers' Compensation and Injury Duration: Evidence from a Natural Experiment
(The American Economic Review, 1995)
This paper examines the effect of workers' compensation on time out of work. It
introduces a "natural experiment" approach of comparing individuals injured
before and after increases in the maximum weekly benefit amount. ...
The Performance of Liability Insurance in States with Different Products-Liability Statutes
(The Journal of Legal Studies, 1990)
The liability crisis of the mid-1980s has led to an extensive reexamination of the liability system. A number of explanations have been offered for the substantial increase in insurance premiums and, in some cases, a decline ...
Human Health Risk Assessments for Superfund
(Ecology Law Quarterly, 1994)
The Comprehensive Environmental Response, Compensation, and Liability Act (CERCLA) is scheduled for reauthorization in the spring of 1995, and Congress must decide either to continue the Superfund program in its current ...
What Juries Can't Do Well: The Jury's Performance as a Risk Manager
(Arizona Law Review, 1998)
Can juries handle complex cases? One way to frame this question in behavioral science terms is to ask: What tasks can juries perform well and what tasks will they perform poorly? Our basic precept is that the legal system ...