Currie, Janet; Carvell, Daniel; MacLeod, W. Bentley - National Bureau of Economic Research (NBER) - 2009
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...