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This is a survey of economic analysis of law, that is, of the emerging field under which the standard tools of microeconomics are employed to identify the effects of legal rules and their social desirability. Five basic subject areas are covered. The first is legal liability for harm. Here we...
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This article assesses predictors of payouts and non-economic damages in medical malpractice cases decided by the Spanish Supreme Court from 2006 until 2010. Medical malpractice cases can be judged in administrative or civil courts, and this distinction heavily relies on the type of hospital...
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A settlement is an agreement between parties to a dispute. In everyday parlance and in academic scholarship, settlement is juxtaposed to trial or some other method of dispute resolution in which a third-party factfinder ultimately picks a winner and announces a score. The “trial versus...
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-Annexed Arbitration Program (CAAP), a program with a jurisdictional limit $150,000, the highest jurisdictional limit of any state court …-annexed arbitration program in the country. The Hawaii program is also unique because its primary goal is cost reduction for litigants … of Hawaii’s arbitration program. Data collected for the evaluation are drawn from five sources: (1) a case record …
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