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Author:
Publisher: Congressional Budget Office
ISBN:
Category : Business & Economics
Languages : en
Pages : 52
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Book Description
A CBO Study. Attempts to clarify the issues and policy options surrounding the tort system. Presents an economic perspective on tort liability. Outlines the strengths and weaknesses of tort liability as a tool for promoting economic efficiency and fairness. Discusses the available data on the benefits and costs of the tort system. Analyzes in qualitative terms the likely effects of various policy options for altering the system. Makes no recommendations.
Author:
Publisher: Congressional Budget Office
ISBN:
Category : Business & Economics
Languages : en
Pages : 52
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Book Description
A CBO Study. Attempts to clarify the issues and policy options surrounding the tort system. Presents an economic perspective on tort liability. Outlines the strengths and weaknesses of tort liability as a tool for promoting economic efficiency and fairness. Discusses the available data on the benefits and costs of the tort system. Analyzes in qualitative terms the likely effects of various policy options for altering the system. Makes no recommendations.
Author:
Publisher:
ISBN:
Category :
Languages : en
Pages : 40
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Book Description
Many controversies and policy issues surround the U.S. tort system, which holds parties liable for injuries to people or property. Critics charge that the system is costly and inefficient, arbitrary and open to abuse, and indirectly harmful through its adverse effects on economic vitality and consumers' choices. In contrast, defenders argue that the tort system serves important social objectives, such as compensating injury victims, improving product safety, and punishing egregious behavior. Several bills now before the Congress propose to change the rules that govern tort claims for medical malpractice and asbestos exposure and claims litigated as class actions. This Congressional Budget Office (CBO) study-prepared at the request of the Senate Budget Committee-attempts to clarify the issues and policy options surrounding the tort system by presenting an economic perspective on tort liability. The study outlines the strengths and weaknesses of tort liability as a tool for promoting economic efficiency and fairness, discusses the available data on the benefits and costs of the tort system, and analyzes in qualitative terms the likely effects of various policy options for altering the system. In keeping with CBO's mandate to provide objective, impartial analysis, this study makes no recommendations.
Author: Perry Beider
Publisher:
ISBN: 9780756739386
Category :
Languages : en
Pages : 33
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Book Description
Many controversies surround the U.S. tort system, which holds parties liable for injuries to people or property. Critics charge that the system is costly and inefficient, arbitrary and open to abuse, and indirectly harmful through its adverse effects on econ. vitality and consumers' choices. Defenders argue that the tort system serves important social objectives, such as compensating injury victims, improving product safety, and punishing egregious behavior. This study presents an economic perspective on tort liability (TL). It outlines the strengths and weaknesses of TL as a tool for promoting economic efficiency and fairness, discusses the benefits and costs of the tort system, and analyzes the likely effects of various policy options for altering the system.
Author: Jonathan B. Wilson
Publisher: iUniverse
ISBN: 0595347177
Category : Courts
Languages : en
Pages : 203
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Book Description
Why are there so many frivolous lawsuits? How much money does America waste on litigation every year? Out of Balance counts the cost of our out-of-control litigation system and identifies the legal procedures and economic incentives that effectively reward lawyers who pursue weak and even silly legal claims. Using real world examples, Jonathan B. Wilson (an attorney and the general counsel of a publicly traded company) describes how the pursuit of attorneys' fees rests at the heart of our litigation system. He recounts alternative proposals to change the law and sets out prescriptions for reform designed to deter cases that should never be filed and resolve those that are. "[Out of Balance shows] how the American justice system front-loads scanty information, unpredictability, and the certainty of escalating legal costs to leverage weak or non-meritorious cases and victimize defendants of every kind." --John H. Sullivan, President, Civil Justice Association of California "Wilson takes an evenhanded approach to the subject of lawsuit reform, reporting in equal measure the clear evidence of America's runaway tort system that favors trial lawyers and the alternatives for systemic procedural reform that will level the playing field for all participants in the legal system. . . . [Out of Balance is] a behind-the-scenes user's guide for reform-minded business advocates and lawmakers who want to fight back and win."--Steven B. Hantler, DaimlerChrysler Out of Balance is an invaluable guide for changing our legal system and restoring its sense of balance and fairness.
Author: Organisation for Economic Co-operation and Development
Publisher:
ISBN:
Category : United States
Languages : en
Pages : 208
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Book Description
Author: Michael Faure
Publisher: Edward Elgar Publishing
ISBN: 1848447302
Category : Law
Languages : en
Pages : 565
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Book Description
The central goal of this book is to provide a state-of-the-art overview of the literature with respect to the economic analysis of tort law. It sure meets the challenge, offering with great expertise a comprehensive presentation of tort law in both economic and comparative perspectives. The clarity of the text, unusual in the law and economics literature, makes the book accessible to a broad readership of economists with a limited legal background and lawyers with limited economic skills. Olivier Moreteau, Louisiana State University, US Tort Law and Economics, ed. Michael Faure, provides a highly useful economic overview of the most important topics of tort law. The authors clearly show the main developments of the discussion, examining the results of recent studies and stating their own opinions. Detailed bibliographies are included. The volume has to be warmly recommended to friends and foes of economic analysis who are provided with a comprehensive update in this field while also indicating areas which critics have to focus on. Helmut Koziol, European Centre of Tort and Insurance Law, Austria This volume provides a state-of-the-art overview of the literature on the economic analysis of tort law. In sixteen chapters, the specialist authors guide the reader through the often vast literature in each domain providing a balanced and comprehensive summary. Particular attention is paid to the evolution of the field, further refinements to economic models and relevant conclusions and lessons for the policymaker. Tort Law and Economics is part of the Encyclopedia of Law and Economics, and enables readers, some not familiar with law and economics, to obtain an insight in the relevant economic literature concerning tort law and economics. This book will be of interest to lawyers and economists, practitioners and academics interested in accident law, tort law, insurance and regulation. It will also appeal to students in economic analysis of law and policymakers working on prevention of accidents, tort law or compensation of accident victims.
Author: A. Mitchell Polinsky
Publisher: Elsevier
ISBN: 0080554245
Category : Law
Languages : en
Pages : 887
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Book Description
Law can be viewed as a body of rules and legal sanctions that channel behavior in socially desirable directions — for example, by encouraging individuals to take proper precautions to prevent accidents or by discouraging competitors from colluding to raise prices. The incentives created by the legal system are thus a natural subject of study by economists. Moreover, given the importance of law to the welfare of societies, the economic analysis of law merits prominent treatment as a subdiscipline of economics. Our hope is that this two volume Handbook will foster the study of the legal system by economists.*The two volumes form a comprehensive and accessible survey of the current state of the field.*Chapters prepared by leading specialists of the area.*Summarizes received results as well as new developments.
Author: J. Warren Salmon
Publisher: Springer Nature
ISBN: 3030606678
Category : Medical
Languages : en
Pages : 321
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Book Description
In this book, the authors, as policy analysts, examine the overall context and dynamics of modern medicine, focusing on the changing conditions of medical practice through the lens of corporatization of medicine, physician unionization, physician strikes, and current health policy directions. Conditions affecting the American medical profession have been dramatically altered by the continuing crises of cost increases, quality concerns, and lack of access facing our population, along with the ongoing corporatization toward bottom-line dictates. Pressures on practitioners have been intensifying with much greater scrutiny over their clinical decision-making. Topics explored among the chapters include: History of the Corporatization of American Medicine: The Market Paradigm Reigns Pharmaceuticals, Hospitals, Nursing Homes, Drug Store Chains, and Pharmacy Benefit Manager/Insurer Integration Medical Practice: From Cottage Industry to Corporate Practice Medical Malpractice Crisis: Oversight of the Practice of Medicine Big Data: Information Technology as Control over the Profession of Medicine Physician Employment Status: Collective Bargaining and Strikes The Corporatization of American Health Care offers different perspectives with the hopes that physicians will unite in a new awareness and common cause to curtail excessive profit-making, renew professional altruism, restore the charitable impulse to health provider institutions, and unite with other professionals to truly raise levels of population health and the quality of health care. It is also a necessary resource for health policy analysts, healthcare administrators, health law attorneys, and other associated health professions.
Author: Jack Burkert
Publisher:
ISBN:
Category : Bus lines
Languages : en
Pages : 40
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Book Description
"This digest provides the results of NCHRP Project 20-65(3) ... This digest was prepared by Jack Burkert, Consultant, and Elizabeth Ellis and Sue Knapp of KFH Group, Inc., in association with Cambridge Systematics"--P. [1].
Author: United States. Congress. House. Committee on Ways and Means
Publisher:
ISBN:
Category : Business & Economics
Languages : en
Pages : 100
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Book Description
