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Race, poverty, and American tort awards: evidence from three datasets
Helland, Eric; Tabarrok, Alexander - 2002
We investigate the impact of the race and income of the jury pool on trial awards. We find that the average tort award increases as black and Hispanic county population rates increase and especially as black and Hispanic county poverty rates increase. An increase in the black countypoverty rate...
Persistent link: https://www.econbiz.de/10010271976
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Determinants of Noneconomic Damages in Medical Malpractice Settlements and Litigations: Evidence from Texas since 1988
Zhou, Jun - 2010
There have long been claims that compensations for noneconomic damages are random because tort law does not provide clear guidance regarding these compensations. I investigate, in both settled and tried medical malpractice cases, whether noneconomic damage payments are arbitrary and what...
Persistent link: https://www.econbiz.de/10010333970
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Rules of proof, courts, and incentives
Demougin, Dominique M.; Fluet, Claude - 2007
We analyze the design of legal principles and procedures for court decision-making in civil litigation. The objective is the provision of appropriate incentives for potential tort-feasors to exert care, when evidence about care is imperfect and may be distorted by the parties. Efficiency is...
Persistent link: https://www.econbiz.de/10010273769
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Private und öffentliche Kartellrechtsdurchsetzung
Oberender, Peter (contributor) - 2012
Der Band, eine Zusammenfassung der Jahrestagung der Arbeitsgruppe Wettbewerb des Wirtschaftspolitischen Ausschusses im Verein für Socialpolitik mit dem Thema »Private und öffentliche Kartellrechtsdurchsetzung«, enthält eine Analyse der Möglichkeiten, Grenzen und Wechselwirkungen von...
Persistent link: https://www.econbiz.de/10014493064
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The Economics of Credence Goods: On the Role of Liability, Verifiability, Reputation and Competition
Dulleck, Uwe; Kerschbamer, Rudolf; Sutter, Matthias - 2009
determinants for efficiency in credence goods markets. While theory predicts that either liability or verifiability yields … efficiency, we find that liability has a crucial, but verifiability only a minor effect. Allowing sellers to build up reputation … higher efficiency as long as liability is violated. …
Persistent link: https://www.econbiz.de/10010294835
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Online Platform Operators as Sovereigns over the Ecommerce Sellers Selected by the German Legislator
Brettschneider, Jörg - 2019
enforce German VAT law via a liability of platform operators (like Amazon and eBay). The consequences of this regulatory … the more strict enforcement is that platform operators want to avoid liability risks. The situation from the ecommerce …
Persistent link: https://www.econbiz.de/10012014214
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Accidents, liability obligations and monopolized markets for spare parts: profits and social welfare
Baake, Pio - 2008
We analyze the effects of accidents and liability obligations on the incentives of car manufacturers to monopolize the … external effect inasmuch as liability obligations imply that consumers of competing products have to pay the high prices as …
Persistent link: https://www.econbiz.de/10010265005
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Dealing with Excessive Off-label Drug Use: Liability vs. Patent Prolongation
Felder, Stefan; Olbrich, Anja - 2009
reinforcement of physician liability for off-label use may be the preferred instrument for achieving dynamic efficiency. The … liability threat reduces the demand for off-label use, giving manufacturers an appropriate incentive to invest in extended …
Persistent link: https://www.econbiz.de/10010265794
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The economics of credence goods: on the role of liability, verifiability, reputation and competition
Dulleck, Uwe; Kerschbamer, Rudolf; Sutter, Matthias - 2009
determinants for efficiency in credence goods markets. While theory predicts that either liability or verifiability yields … efficiency, we find that liability has a crucial, but verifiability only a minor effect. Allowing sellers to build up reputation … higher efficiency as long as liability is violated. …
Persistent link: https://www.econbiz.de/10010271236
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Wie sollte die Managementvergütung (nicht) reguliert werden? Ordnungspolitische Überlegungen zur Haftungsbeschränkung von und in Organisationen
Pies, Ingo; Sass, Peter - 2011
Walter Eucken strongly rejected the institution of limited liability. From his point of view, only unrestricted full … liability was in conformity with the market order. This perspective misses important insights, as is shown with recourse to the … of limited liability. Second, one can realize further welfare gains within organizations by means of incentive contracts …
Persistent link: https://www.econbiz.de/10011733795