The Environmental Protection Agency and other government agencies use the willingness-to-pay concept in labor market studies to estimate the value of a life for evaluating regulatory policies and projects. This study uses new data from the Bureau of Labor Statistics for the period 1992-1999 on...

This study provides an analysis of the economic impact of punitive damages on the economy of Texas. Consistent with our research results, prior studies also found that the size and frequency of the jury awards for punitive damages were increasing over time. However, they ignored the planning...