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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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Marriage, divorce and interstate risk sharing
Halla, Martin (contributor); Scharler, Johann (contributor) - 2008
In this paper we study the importance of marriage for interstate risk sharing. We find that US states in which married couples account for a higher share of the population are less exposed to state-specific output shocks. Thus, marriages do not just improve the allocation of risk at the...
Persistent link: https://www.econbiz.de/10003760281
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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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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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Tournaments and office politics : evidence from a real effort experiment
Carpenter, Jeffrey P. (contributor);  … - 2007
In many environments, tournaments can elicit more effort from workers, except perhaps when workers can sabotage each other. Because it is hard to separate effort, ability and output in many real workplace settings, the empirical evidence on the incentive effect of tournaments is thin. There is...
Persistent link: https://www.econbiz.de/10003635203
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Modeling immigrants' language skills
Chiswick, Barry R. (contributor);  … - 2007
One in nine people between the ages of 18 and 64 in the US, and every second foreign-born person in this age bracket, speaks Spanish at home. And whereas around 80 percent of adult immigrants in the US from non-English speaking countries other than Mexico are proficient in English, only about 50...
Persistent link: https://www.econbiz.de/10003635218
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The fertility effect of catastrophe : US hurricane births
Evans, Richard W. (contributor); Hu, Yingyao (contributor);  … - 2007
For years, anecdotal evidence has suggested increased fertility rates resulting from catastrophic events in an area. In this paper, we measure this fertility effect using storm advisory data and fertility data for the Atlantic and Gulf Coast counties of the United States. We find that...
Persistent link: https://www.econbiz.de/10003635269