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Persistent link: https://www.econbiz.de/10012851216
In this paper, we explore the sensitivity in the clinical decisions of physicians to the standards of care expected of them under the law, drawing on the abandonment by states over time of rules holding physicians to standards determined by local customs and the contemporaneous adoption of...
Persistent link: https://www.econbiz.de/10013049720
Building on systems theory and the economics of law, this paper argues that evolutionary models can explain certain features of common law reasoning, in particular the way that the doctrine of precedent operates to combine stability with change. The common law can be modeled as an adaptive...
Persistent link: https://www.econbiz.de/10013018019
Article provides recommended methods for applying a replacement cost theory to economic loss calculations for household services. Empirical studies are recommended for use in adjusting reported (lost) hours of services at injury or death, for factors which would be expected to change hours of...
Persistent link: https://www.econbiz.de/10012985553
liability for bad faith insurance law. Using a repeated cross-sectional dataset of auto insurance claims from the Insurance …
Persistent link: https://www.econbiz.de/10012985967
Little is known about the economics of plaintiff-side law firms, which typically work on a contingency fee basis. We begin here to fill that gap. We report on the fees received by 124 plaintiff-side personal injury firms located in four states (Illinois, Texas, and two additional undisclosed...
Persistent link: https://www.econbiz.de/10013039396
This Article advocates that states' statutes make greater and more systematic use of multiple damages by extending them to a much broader range of intentional, wrongful conduct. Part II of this Article will explain why extra-compensatory relief is called for when tortious conduct is intentional...
Persistent link: https://www.econbiz.de/10013046772
Persistent link: https://www.econbiz.de/10012920875
When punitive damage awards create publicity, this could affect the behavior of uncompensated victims, which has implications for the optimal punitive damage multiplier. A new adjusted multiplier is derived that incorporates publicity into the analytical framework. Assuming that all victims...
Persistent link: https://www.econbiz.de/10012925588
Persistent link: https://www.econbiz.de/10012927446