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This Article challenges a practice in tort law that is ubiquitous, yet little noticed—namely the use of race-based wage, life expectancy, and work-life expectancy tables when calculating damage awards. The practice results in damage awards that are significantly lower for black victims than...
Persistent link: https://www.econbiz.de/10012902004
Adam and Eve have the same record yet receive different punishment. Adam receives the punishment that they both deserve, whereas Eve receives a more lenient punishment. In this paper, we explore whether a deserved-but-unequal punishment, such as what Adam receives, can be just. We do this by...
Persistent link: https://www.econbiz.de/10012905532
Insurance companies are in the business of discrimination. Insurers attempt to segregate insureds into separate risk pools based on their differences in risk profiles, first, so that they can charge different premiums to the different groups based on their risk and, second, to incentivize risk...
Persistent link: https://www.econbiz.de/10012905554
Sometimes the rules let you change the rules. In civil procedure, many rules are famously rigid—for example, neither parties nor the judge can stipulate to subject matter jurisdiction—but closer inspection yields many ways that judges or parties (individually or by agreement) can change...
Persistent link: https://www.econbiz.de/10012852690
This is the first large-scale empirical study of consumer third-party litigation funding in the United States. Despite being part of the American legal system for more than two decades there has been almost no real data-driven empirical study to date. We analyzed funding requests from American...
Persistent link: https://www.econbiz.de/10012852716
This paper focuses on the economic and legal implications of the enactment of caps on non-economic damages on conflicting parties who know that state supreme courts may strike down the caps as unconstitutional within a few years of enactment. We develop a simple screening model where parties...
Persistent link: https://www.econbiz.de/10012706065
Persistent link: https://www.econbiz.de/10012706350
We investigate the interaction between the law’s prohibition of recovery for unrequested benefits, and parties’ incentives at the ex ante stage to acquire information about the harms or benefits of the activities they consider engaging in. We analyze the impact of these interactions on the...
Persistent link: https://www.econbiz.de/10013239673
Scholars have been debating for years the comparative advantage of damages and specific performance. Yet, most work has compared a single remedy contract to another single remedy contract. But contract law provides the non-breaching party with a variety of optional remedies to choose from in...
Persistent link: https://www.econbiz.de/10012716852
We evaluate the effect of tort reform on employer-sponsored health insurance premiums by exploiting state-level variation in the timing of reforms. Using a dataset of healthplans representing over 10 million Americans annually between 1998 and 2006, we find that caps on non-economic damages,...
Persistent link: https://www.econbiz.de/10012463279