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Now showing items 1-10 of 44
Cleaning Up Superfund
(The Public Interest, 1996)
The cleanup of hazardous wastes is the number one environmental concern of the American people. The government's response: the Environmental Protection Agency (EPA) launched its Superfund program, which was established by ...
Product and Occupational Liability
(Journal of Economic Perspectives, 1991)
Litigation over product liability has escalated because of shifting liability standards, and the role of workers' compensation has increased both because of the changing injury mix and the provision of more generous benefit ...
Mortality Effects of Regulatory Costs and Policy Evaluation Criteria
(The RAND of Economics, 1994)
Risk regulations directly reduce risks, but they may produce offsetting risk increases. Regulated risks generate a substitution effect, as individuals' risk-averting actions will diminish. Recognition of these effects ...
Do Smokers Underestimate Risks?
(Journal of Political Economy, 1990)
This paper uses a national survey of 3,119 individuals to examine the effect of lung cancer risk perceptions on smoking activity. Both smokers and nonsmokers greatly overestimate the lung cancer risk of cigarette smoking, ...
Carcinogen Regulation: Risk Characteristics and the Synthetic Risk Bias
(AEA Papers and Proceedings, 1995)
In this paper, I will explore the decision to regulate natural and synthetic chemicals. To what extent are regulatory decisions driven by the severity of the risk as opposed to the character of the risk exposure? The ...
The Social Costs of Punitive Damages Against Corporations in Environmental and Safety Torts
(Georgetown Law Journal, 1998)
Legal scholars and judges have long expressed concerns over the unpredictability and arbitrariness of punitive damages awards. Proposed remedies, such as restricting punitive damages to narrowly defined circumstances, have ...
Pain and Suffering: Damages in Search of a Sounder Rationale
(Michigan Law & Policy Review, 1996)
Compensation for non-pecuniary losses is one of the most controversial components of tort liability. Newspaper headlines routinely feature occasionally extreme awards, such as the $2.9 million award to the women who spilled ...
Medical Malpractice Insurance in the Wake of Liability Reform
(The Journal of Legal Studies, 1995)
This article examines the effect of the liability reforms on medical malpractice insurance over the 1984-91 period. This is the first study to use data by firm and by state for every firm writing medical malpractice insurance ...
The Dimensions of the Product Liability Crisis
(The Journal of Legal Studies, 1991)
Examination of a variety of sources of statistics indicates that the product liability crisis is real, and it is not simply imagined or contrived by the insurance industry. Litigation in the product liability area has ...
Effectiveness of the EPA's Regulatory Enforcement: The Case of Industrial Effluent Standards
(Journal of Law and Economics, 1990)
The EPA water pollution regulations-the focus of this study represent an interesting departure from past patterns of regulatory failure. First, the nature of the regulations-discharge limits-relates directly to the policy ...