Eisenberg, Theodore; Heise, Michael; Wells, Martin T. - In: Journal of Institutional and Theoretical Economics (JITE) 166 (2010) 1, pp. 5-26
Exxon Shipping Co. v. Baker acknowledged that empirical studies undercut criticism of punitive damages. Paradoxically, the Court simultaneously expressed concern about jury predictability based on a high and variable punitive-compensatory ratio published in an article by the present authors. The...