Economics, Econometrics and Finance
4 years ago

Punitive Damages Reforms Reshape Justice Landscape, Curbing Blockbuster Awards

2 views
SSRN Electronic Journal
The Punitive Damages Calculus: The Differential Incidence of State Punitive Damages Reforms
Benjamin J. McMichael, W. Kip Viscusi

Paper Summary

State laws on punitive damages have changed how courts decide on these damages. Punitive damages caps lower the amount awarded but don't affect whether they are given. Reforms also reduce the number of huge punitive damages awards over $100 million, but not the size of those awards.

Related papers

Economics, Econometrics and Finance
8 years ago

Punitive Damages Overhaul Could Transform Civil Justice System

Economic Analysis
Law and Economics
Judicial Politics
3 views
Economics, Econometrics and Finance
4 years ago

New Study Reveals How Market Demand Can Be Analyzed and Optimized

Monetary Models
Economic Institutions
Macroeconomic Trends
Theme background image
Social Sciences
4 years ago

France Rejects Punitive Damages, Prioritizing Victim Compensation Over Punishment

Positivism
1 view