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Reforms to the Joint and Several Liability rule (JSL) are one of the most common tort reforms and have been implemented by most US states. JSL allows plaintiffs to claim full recovery from one of the defendants, even if that defendant is only partially responsible for the tort. We develop a...
Persistent link: https://www.econbiz.de/10012463237
Many studies find that households increase their consumption after the receipt of expected income payments, a result inconsistent with the life-cycle/permanent income hypothesis. Consumption can increase adverse health events, such as traffic accidents, heart attacks and strokes. In this paper,...
Persistent link: https://www.econbiz.de/10012463339
This is a survey of legal liability for accidents. Three general aspects of accident liability are addressed. The first …-bearing and insurance, for the liability system acts as an implicit insurer for accident victims and it imposes risk on potential … injurers (because they may have to pay judgments to victims). In this regard, victims' accident insurance and injurers …
Persistent link: https://www.econbiz.de/10012466890
Accident law is the body of legal rules governing the ability of victims of harm to sue and to collect payments from … those who injured them. This paper contains the chapters on accident law from a general, forthcoming book, Foundations of … liability rules on incentives to reduce accident risks. Then consideration of accident law is broadened (chapter 5) to reflect …
Persistent link: https://www.econbiz.de/10012469004
Accident law is the body of legal rules governing the ability of victims of harm to sue and to collect payments from … those who injured them. This paper contains the chapters on accident law from a general, forthcoming book, Foundations of … liability rules on incentives to reduce accident risks. Then consideration of accident law is broadened (chapter 5) to reflect …
Persistent link: https://www.econbiz.de/10012469220
In western countries, accidents are the leading cause of death and injury among children, far surpassing diseases as a health threat. We examine the effect of maternal employment and child care policy on rates of accidental injury using both micro data from the National Longitudinal Survey of...
Persistent link: https://www.econbiz.de/10012470639
A basic principle of law is that damages paid by a liable party should equal the harm caused by that party. However, this principle is not correct when account is taken of litigation costs, because they too are part of the social costs associated with an injury. In this article we examine the...
Persistent link: https://www.econbiz.de/10012460067
Some technologies save lives -- new vaccines, new surgical techniques, safer highways. Others threaten lives -- pollution, nuclear accidents, global warming, the rapid global transmission of disease, and bioengineered viruses. How is growth theory altered when technologies involve life and death...
Persistent link: https://www.econbiz.de/10012461563
Although at least 400 million people suffer from seasonal allergies worldwide, the adverse effects of pollen on "non-health" outcomes, such as cognition and productivity, are relatively understudied. Using ambulance archives from Japan, we demonstrate that high pollen days are associated with...
Persistent link: https://www.econbiz.de/10014337827
Several reasons are offered why workers will receive larger compensating wage differentials for increases in the duration of wage losses than for increases in the probability of loss that produce the same expected loss. A formal model of occupational choice is developed that shows the extent to...
Persistent link: https://www.econbiz.de/10012477188