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Now showing items 11-20 of 31
An Empirical Assessment of Early Offer Reform for Medical Malpractice
(Journal of Legal Studies, 2007)
The early offer reform proposal for medical malpractice provides an option for claimants to
receive prompt payment of all their net economic Losses and reasonable attorney fees. Using a Large sample of closed individual ...
Safety at Any Price
(Regulation, 2002)
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 ...
Rational Discounting for Regulatory Analysis
(University of Chicago Law Review, 2007)
This Article examines the economic basis for what is termed "rational discounting,"
which entails full recognition of policy effects over time and exponential discounting
at a riskless rate of return. Policies often cannot ...
Monetizing the Benefits of Risk and Environmental Regulation
(Fordham Urban Law Journal, 2006)
Should the benefits of risk and environmental regulations be monetized? For economists, this question is not controversial. Benefits of government policies have a value given by society's willingness to pay for these ...
Cigarette Smokers as Job Risk Takers
(The Review of Economics and Statistics, 2001)
Using a large data set, the authors find that smokers select riskier jobs, but receive lower total wage compensation for risk than do nonsmokers. This finding is inconsistent with conventional models of compensating ...
Punitive Damages: How Judges and Juries Perform
(Journal of Legal Studies, 2004)
This paper presents the first empirical anatysis that demonstrates that juries differ from judges in awarding punitive damages. Our review of punitive damages awards of $100 million or more identified 63 such awards, of ...
Corporate Risk Analysis: A Reckless Act?
(Stanford Law Review, 2000)
Balancing of risk and cost lies at the heart of standard negligence tests and
policy analysis approaches to government regulation. Notwithstanding the desirability
of using a benefit-cost approach to assess the merits of ...
The Blockbuster Punitive Damages Awards
(Emory Law Journal, 2004)
This paper provides an analysis of sixty-four punitive damages awards of at least $100 million. Based on an inventory of these cases, there is evidence that these blockbuster awards are highly concentrated geographically, ...
Allocating Responsibility for the Failure of Global Warming Policies
(University of Pennsylvania Law Review, 2007)
A recent series of climate change lawsuits has sought to mimic the "regulation through litigation" approach of the claims brought by the states against cigarette manufacturers. What is distinctive about the cigarette cases ...
National Survey Evidence on Disasters and Relief: Risk Beliefs, Self-Interest, and Compassion
(Journal of Risk and Uncertainty, 2006)
A nationally representative sample of respondents estimated their fatality risks from four
types of natural disasters, and indicated whether they favored governmental disaster
relief. For all hazards, including auto ...