One of the foremost civil justice issues commanding attention at both federal and state levels is reform of the tort system. Central to the ongoing tort reform debate is data cited by both proponents and opponents in support of their respective positions. No set of data more critically informs the debate than the yields realized by lawyers engaged in contingent-feefinanced tort claiming. Most c...

Standard formulations of the economic model tort deterrence constitute injurer as unboundedly rational bad man. Unbounded rationality implies that can always compute solution to his caretaking problem. This in turn optimal liability rules provide robust deterrence, for they induce take socially care. In this paper I examine computational complexity injurer’s show problem is computationally trac...

BACKGROUND Tort law has legitimate social purposes of deterrence, punishment and compensation, but medical tort law does none of these well. Tort law could be counterproductive in medicine, encouraging costly defensive practices that harm some patients, restricting access to care in some settings and discouraging innovation. DISCUSSION Patients might be better served by purchasing combined he...

Tort law is a form of collective intervention into social and economic affairs that carries with it substantial costs, both public and private. These costs include higher prices for goods and services, higher taxes, and the socially undesirable consequences that tort law has on people's behavior such as the failure of companies to develop and introduce products the public wants, the wasteful an...

the principle of tort law is that the liability is based on the act prejudicial that in iranian law in conformity with the article 1 of tort law code and in french law in conformity with the article 1382 of civil code, this act must be guilty. the harmful act in determining responsible in tort law is necessary. if the chain of causes of action for compensation for damaging responsible is a pers...

We model a network economy with three sectors: downstream firms, upstream firms, and banks. Agents are linked by productive and credit relationships so that the behavior of one agent influences the behavior of the others through network connections. Credit interlinkages among agents are a source of bankruptcy diffusion: in fact, failure of fulfilling debt commitments would lead to bankruptcy ch...

Introduction ........................................................................................230 I. Bankruptcy Filings of the Ill and Injured ................................233 A. Medical-Related Bankruptcy Generally ............................233 B. Medical-Related Chapter 13 Filings; The New Data ........237 II. A Traditional Analysis of the Medical-Related Chapter 13 Findings ........

We investigate the relative importance of various bankruptcy predictors commonly used in the existing literature by applying a variable selection technique, the least absolute shrinkage and selection operator (LASSO), to a comprehensive bankruptcy database. Over the 1980 to 2009 period, LASSO admits the majority of Campbell, Hilscher, and Szilagyi’s (2008) predictive variables into the bankrupt...

We analyse the redistribution of a resource amongst agents who have claims to the resource and who are ordered linearly. A well known example of this particular situation is the river sharing problem. We exploit the linear order of agents to transform the river sharing problem to a sequence of two-agent river sharing problems. These reduced problems are mathematically equivalent to bankruptcy p...