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if their damages exceed a certain threshold. We find that no single liability system always dominates on efficiency …
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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...
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The distribution of blockbuster punitive damages awards has fat tails similar to the distributions of losses from natural disasters. Extremely large awards occur more often and are more difficult to predict than if blockbuster awards were distributed normally. The size and predictability of...
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"This book investigates whether corporate criminal liability should be incorporated within the scope of international … criminal law. The work provides unique insight into the evolution of the debate on the international criminal liability of … domestic developments around corporate criminal liability. In addition, it offers suggestions for the development of an …
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