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This paper investigates the effect of changes in state prudent trust investment laws on asset allocation in noncommercial trusts. The old prudent-man rule favored quot;safequot; investments and disfavored quot;speculationquot; in stock. The new prudent-investor rule directs trustees to craft an...
Persistent link: https://www.econbiz.de/10012774345
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This paper investigates the effect of changes in state prudent trust investment laws on asset allocation in noncommercial trusts. The old prudent-man rule favored “safe†investments and disfavored “speculation†in stock. The new prudent-investor rule directs trustees to craft...
Persistent link: https://www.econbiz.de/10005834437
We evaluate the effect of tort reform on employer-sponsored health insurance premiums by exploiting state-level variation in the timing of reforms. Using a dataset of healthplans representing over 10 million Americans annually between 1998 and 2006, we find that caps on non-economic damages,...
Persistent link: https://www.econbiz.de/10008635927
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We evaluate the effect of tort reform on employer-sponsored health insurance premiums by exploiting state-level variation in the timing of reforms. Using a dataset of health plans representing over 10 million Americans annually between 1998 and 2006, we find that the most common set of tort...
Persistent link: https://www.econbiz.de/10010600508
We study whether changes to standards of review affect district court sentencing decisions under the U.S. sentencing guidelines. Departures from the guidelines by district judges have at times been reviewed strictly or deferentially. If review standards are constraining, then differences among...
Persistent link: https://www.econbiz.de/10010627674
We present a positive political theory of criminal sentencing and test it using data from the U.S. Sentencing Commission. Under the U.S. Sentencing Guidelines, judges can use "offense-level adjustments" (fact-based decision making) to lengthen or shorten the Guidelines' presumptive sentences....
Persistent link: https://www.econbiz.de/10005553990