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Now showing items 71-80 of 134
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 ...
Product Liability Litigation With Risk Averson
(The Journal of Legal Studies, 1988)
The recent law and economics literature has directed much energy toward identifying the various factors that determine whether parties will litigate or settle accident claims.' The substantive interest in this area rests ...
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 ...
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 ...
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 ...
The Catastrophic Effects of Natural Disasters on Insurance Markets
(Journal of Risk and Uncertainty, 2006)
Natural catastrophes often have catastrophic risks on insurance companies as well as on the insured. Using a very large dataset on homeowners' insurance coverage by state, by firm, and by year for the 1984 to 2004 period, ...
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 ...
A Postmortem on the Cigarette Settlement
(Cumberland Law Review, 1999)
The settlement of the Attorney Generals' suits against the cigarette industry for $206 billion was a landmark outcome. By any standard, the financial stakes were enormous, dwarfing eventhe largest tort liability judgments ...
Workers' Compensation: Wage Effects, Benefit Inadequacies, and the Value of Health Losses
(The Review of Economics and Statistics, 1987)
Using the 1977 Quality of Employment Survey in conjunction with BLS risk series and state workers' compensation benefit formulas, the authors assess the labor market implications of workers' compensation. Higher levels of ...