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Producer protection legislation and termination damages in the presence of contracting frictions
Wu, Steven - 2009
This study models producer protection legislation that would grant growers the right to claim damages (PPLD) if their contracts are prematurely terminated. In the absence of contracting frictions that prevent contractors from redesigning contracts to accommodate exogenous policy changes, PPLD...
Persistent link: https://www.econbiz.de/10003894440
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Losers and losers : some demographics of medical malpractice tort reforms
Friedson, Andrew I.; Kniesner, Thomas J. - 2011
Our research examines individual differences in the effects of medical malpractice tort reforms on pre-trial settlement speed and settlement amounts by age and most likely settlement size. Findings of note include that, unlike previously assumed, both absolute and percentage losses from tort...
Persistent link: https://www.econbiz.de/10009379672
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The role of lawyer-legislators in shaping the law : evidence from voting behavior on tort reforms
Matter, Ulrich; Stutzer, Alois - 2015
Attorneys elected to the US Congress and to US state legislatures are systematically less likely to vote in favor of tort reforms that restrict tort litigation, but more likely to support bills that extend tort law than legislators with a different professional background. This finding is based...
Persistent link: https://www.econbiz.de/10010488138
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How do insurers price medical malpractice insurance?
Black, Bernard S.; Traczynski, Jerey; Udalova, Victoria - 2022
Liability Monitor over 1990 to 2017. A number of core findings are not easily explained by standard economic theory. First, we …
Persistent link: https://www.econbiz.de/10013272267
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The economics of credence goods : on the role of liability, verifiability, reputation and competition
Dulleck, Uwe; Kerschbamer, Rudolf; Sutter, Matthias - 2009
determinants for efficiency in credence goods markets. While theory predicts that either liability or verifiability yields … efficiency, we find that liability has a crucial, but verifiability only a minor effect. Allowing sellers to build up reputation … higher efficiency as long as liability is violated. -- Credence goods ; experiment ; liability ; verifiability ; reputation …
Persistent link: https://www.econbiz.de/10003814341
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Compensation in personal injury cases : mean or median income?
Danziger, Leif; Katz, Eliakim - 2019
Courts typically base compensation for loss of income in personal injury cases on either mean or median work income. Yet, quantatively, mean and median incomes are typically very different. For example, in the US median income is 65 percent of mean income. In this paper we use economic theory to...
Persistent link: https://www.econbiz.de/10012034365
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The lot of the unemployed : a time use perspective
Krueger, Alan B. (contributor); Müller, Andreas (contributor) - 2008
This paper provides new evidence on time use and subjective well-being of employed and unemployed individuals in 14 countries. We devote particular attention to characterizing and modeling job search intensity, measured by the amount of time devoted to searching for a new job. Job search...
Persistent link: https://www.econbiz.de/10003716529
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Immigrants and welfare programmes : exploring the interactions between immigrant characteristics, immigrant welfare dependence and welfare policy
Barrett, Alan (contributor); McCarthy, Yvonne (contributor) - 2008
The primary purpose of this paper is to provide a review of the papers within the economics literature that have examined the questions of immigrant welfare use and the responsiveness of immigrants to the incentives created by welfare systems. While our focus is largely on papers looking at the...
Persistent link: https://www.econbiz.de/10003716533
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Labor market policies, institutions and employment rates in the EU-27
Rovelli, Riccardo (contributor); Bruno, Randolph (contributor) - 2008
We compare labor market policies, institutions and outcomes for the EU member states, for the period 2000-2005. We document the main differences in Labor Market Policies across EU members, including new member states after 2004. We focus on indicators of policy generosity (expenditures relative...
Persistent link: https://www.econbiz.de/10003716540
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Uncertainty and the politics of employment protection
Vindigni, Andrea (contributor) - 2008
This paper investigates the role that idiosyncratic uncertainty plays in shaping social preferences over the degree of labor market flexibility, in a general equilibrium model of dynamic labor demand where the productivity of firms evolves over time as a Geometric Brownian motion. A key result...
Persistent link: https://www.econbiz.de/10003719624