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Although flat fees are common for divorces, wills and trusts, and probate, lawyers in personal injury cases generally are paid by contingency fee or at an hourly rate. Arguments have been made that contingency fees increase low-quality, "frivolous" litigation but counterarguments suggest that...
Persistent link: https://www.econbiz.de/10005562600
We argue that partisan elected judges have an incentive to redistribute wealth from out-of-state defendants (nonvoters) to in-state plaintiffs (voters). We first test the hypothesis by using cross-state data. We find a significant partisan effect after controlling for differences in injuries,...
Persistent link: https://www.econbiz.de/10005562751
It has long since been established that children raised by single parents are more likely to become sexually active, commit illegal acts, and use illegal drugs at young ages. What has not been determined is whether or not there is a causal effect associated with the disintegration of the family....
Persistent link: https://www.econbiz.de/10005150889
The corporate governance literature is rich with empirical tests of the relation between board composition and firm performance. We consider the effect of board composition on a different measure of performance, the probability a firm will be sued by shareholders. We find firms that are...
Persistent link: https://www.econbiz.de/10005164710
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Most studies of the deterrence effect of incarceration treat a year in prison as having the same deterrence effect regardless of the conditions of incarceration. In contrast, we estimate both the impact of custody rate and prison location changes on female crime rates. We take advantage of the...
Persistent link: https://www.econbiz.de/10005305050
Reports about runaway jury awards have become so common that it is widely accepted that the US jury system needs to be ‘fixed.’ Proposals to limit the right to a jury trial and increase judicial discretion over awards implicitly assume that judges decide cases differently than juries. We...
Persistent link: https://www.econbiz.de/10005305051
We investigate the impact of the race and income of the jury pool on trial awards. We find that the average tort award increases as black and Hispanic county population rates increase and especially as black and Hispanic county poverty rates increase. An increase in the black countypoverty rate...
Persistent link: https://www.econbiz.de/10005200553