Eliminating joint and several liability and the American legal cost allocation rule have been singled out to be the two most needed legal reforms by the major accounting firms. Some remedies have been proposed by the accounting profession and the legal community. This paper develops a model to...

Major accounting firms in the United States have singled out elimination of joint and several liability as one of the most needed legal reforms in the country. The recent legislation of the Private Securities Litigation Reform Act of 1995 replaced joint and several liability with proportionate...

Objective: To determine the importance of specific health utility attributes that comprise overall utility scores for a number of chronic health state conditions. Study design: Cross-sectional study using data from a prospective national survey of the health of community-dwelling Canadians....