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Now showing items 121-130 of 134
Private Values of Risk Tradeoffs at Superfund Sites: Housing Market Evidence on Learning About Risk
(The Review of Economics and Statistics, 2000)
This paper incorporates a Bayesian learning model into a hedonic framework to estimate the value that residents place on avoiding cancer risks from hazardous-waste sites. We show that residents are willing to pay to avoid ...
Medical Malpractice Reform
(Denver Law Review, 2019)
Concerns with medical malpractice liability costs have been a principal factor leading states to adopt a series of tort liability reforms. Medical malpractice premiums have been declining, creating less of a cost-based ...
The Fatal Failure of the Regulatory state
(William & Mary Law Review, 2018)
While regulatory agencies place high values on the benefits associated with the reduction in mortality risks due to regulations, these same agencies substantially undervalue lives in their enforcement efforts. The disparity ...
The Fatal Failure of the Regulatory State
(William & Mary Law Review, 2018)
Although regulatory agencies place high values on the benefits associated with the reduction in mortality risks due to regulations, these same agencies substantially undervalue lives in their enforcement efforts. The ...
Taming Blockbuster Punitive Damages Awards
(University of Illinois Law Review, 2019)
Blockbuster punitive damages awards, i.e., those awards exceeding $100 million, attract attention based on their sheer size. While there have been fewer such awards in the last decade, they remain an important presence in ...
"Sorry" Is Never Enough
(Stanford Law Review, 2019)
Based on case studies indicating that apologies from physicians to patients can promote healing, understanding, and dispute resolution, 38 states have sought to reduce litigation and medical malpractice liability by enacting ...
Taming Blockbuster Punitive Damages
(University of Illinois Law Review, 2019)
Blockbuster punitive damages awards, i.e., those awards exceeding $100 million, attract attention based on their sheer size. While there have been fewer such awards in the last decade, they remain an important presence in ...
Using Data from the Census of Fatal Occupational Injuries to Estimate the "value of a statistical life"
(Monthly Labor Review, 2013)
The advent of the Census of Fatal Occupational Injuries has enabled researchers to reduce measurement error in
fatality rate estimates; in turn, estimates of the “value of a statistical life” that are based on labor market ...
Efficient Ethical Principles for Making Fatal Choices
(Notre Dame Law Review, 2021)
Resource allocations of all kinds inevitably encounter financial constraints, making it infeasible to make financially unbounded commitments. Such resource constraints arise in almost all health and safety risk contexts, ...
The Specific Consumer Expectations Test for Product Defects
(Indiana Law Journal, 2020)
The consumer expectations test in products liability law holds firms liable for producing goods that are more dangerous than the reasonable consumer would anticipate. But judicial experience in the majority of states that ...