Showing 1 - 10 of 11,046
This paper looks at the limitations of quantitative models for evaluating risks in the liability insurance business … whether liability insurance premiums in the U.S. market have grown at a much higher rate than, say, property insurance … percentage since the 1960s. The reason that many commentators believe that liability insurance premiums have increased …
Persistent link: https://www.econbiz.de/10010991078
Reasons for the joint use of ex ante regulation and ex post liability to cope with environmental accidents have been a … general trend toward a clear division of labour between regulation and liability: when both are jointly used, liability …. An unexpected effect of liability is observed: judges are more severe with the most regulated firms and public agents …
Persistent link: https://www.econbiz.de/10010857519
uncertainty problems in liability. A widely held view among Law & Economics scholars is that civil liability alone is not well … civil liability rule, it is therefore advocated that a regulatory system be implemented combined with a public insurance … scheme, or, alternatively, to go for a mix of regulation and civil liability. Such a mix of regulation and civil liability …
Persistent link: https://www.econbiz.de/10010857524
Attorney advertising routinely targets tort victims. This paper reviews legal services advertising restrictions in the United States and abroad. A theoretical model is developed which incorporates advertising intensity, litigation costs, and an endogenous number of lawsuits. Since advertising...
Persistent link: https://www.econbiz.de/10010580416
For psychologists, bounded rationality reflects the presence of cognitive dissonance and/or inconsistency, revealing that people use heuristics (Tversky and Kahneman (1974)) rather than sophisticated processes for the assessment of their beliefs. Recent research analyzing litigations and...
Persistent link: https://www.econbiz.de/10008536047
Paper [I] adds to the theoretical literature on the incentives of Temporary Work Agencies (TWAs). Using a principal-agent model with hidden action to model two main types of contracts between a TWA and a Client Firm (CF), the TWA is shown to potentially act against the best interest of the CF...
Persistent link: https://www.econbiz.de/10011019142
activity and unemployment, even after controlling for the endogeneity of court activity. …
Persistent link: https://www.econbiz.de/10011056291
Courts has not substantially increased, although it is now less negatively associated with the local unemployment rate than …
Persistent link: https://www.econbiz.de/10011207451
The study examines the liability for breach of duty committed in the field of financial management of public assets. It … is an increasing challenge for law enforcers to establish liability, which is attributable to two main reasons. One of …. The unequivocal establishment of liabilities necessitates the rethinking of liability as a system and its harmonisation …
Persistent link: https://www.econbiz.de/10010614474
This article generalizes the analysis of settlement under joint and several liability from lawsuits involving one … outcomes among the defendants, but regardless of the distribution of liability shares, joint and several liability may … and several liability, when each defendant is grouped with others sharing correlated outcomes, and the plaintiff …
Persistent link: https://www.econbiz.de/10012726210