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Economics of U.S. Tort Liability: A Primer
Economics of U.S. Tort Liability: A Primer
Our Price: $20.00
Year: 2003
Pages: 33
Binding Paperback

Product Code: 0756739381

Douglas Holtz-Eakin (pf); Perry Beider (au); Cary Elliott (au). 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 & inefficient, arbitrary & open to abuse, & indirectly harmful through its adverse effects on econ. vitality & consumers’ choices. Defenders argue that the tort system serves important social objectives, such as compensating injury victims, improving product safety, & punishing egregious behavior. This study presents an economic perspective on tort liability (TL). It outlines the strengths & weaknesses of TL as a tool for promoting economic efficiency & fairness, discusses the  benefits & costs of the tort system, & analyzes the likely effects of various policy options for altering the system.

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