Landeo, Claudia M.; Izmalkov, Sergei; Nikitin, Maxim - Department of Economics, University of Alberta - 2012
-serving bias, and studies the effects of caps on non-economic damages. We contribute to the theoretical law and economics … theoretical analysis of tort reform by studying the effects of caps on non-economic damages. We find that damage caps decrease the … perceives the cap as relatively low, and the plaintiff perceives the cap as relatively high. As a result, caps on non-economic …