THE DETERMINANTS OF STATE-LEVEL CAPS ON PUNITIVE DAMAGES: THEORY AND EVIDENCE.

Under the standard economic model of torts, punitive damages correct for imperfect detection. Incorporating litigation costs into the model provides a justification for punitive damage caps. At the optimum, caps balance deterrence against the cost of litigation. Empirical testing of the model is per...

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Publicado en:	Contemporary Economic Policy Vol. 31; no. 1; pp. 110 - 126
Autores principales:	MICELI, THOMAS J., STONE, MICHAEL P.
Formato:	Artículo
Publicado:	Wiley-Blackwell Jan2013
Materias:	Economic models Empirical research Legal services Ideology Exemplary damages Proportional hazards models Legal costs
Acceso en línea:	Ver este registro en EBSCOhost