Two professors, one of law and the other of pharmacology, trace the development of English law on compensation for injuries caused by defective drugs and examine the Vaccine Damage Payments Act of 1980, which established a no-fault system of compensation for vaccine injuries for a limited number of diseases. They discuss two possible approaches to handling compensation for drug-induced injuries...

This paper evaluates the nonmarket activities provided by farmers for recreational and residential purposes in several European regions. A regionally specified general equilibrium model is used to derive the efficiency conditions for a competitive equilibrium to guarantee a Pareto optimal outcome, and some conclusions regarding compensation payments are drawn. Furthermore, existing compensation...

Workers’ compensation is the oldest social insurance program in the United States. The first law was passed in 1908 to provide cash and medical benefits for workrelated disability and death. This program now consists of 50 independent State operations and several Federal programs. The experience under workers’ compensation is of considerable importance to the Social Security Administration beca...

Section 100 of the Courts Act 2003 came into effect on 1 April 2005 (yes, April Fool’s Day). The guidance reads: “The power for the Courts to order periodical payments will apply in all cases where orders or settlements have not been made before 1 April. The power to order variable payments will apply only to proceedings which are issued on or after 1 April.” It is apparently the government’s h...

Payments systems operate virtually unnoticed in our daily lives and yet are crucial to a wellfunctioning economy and financial system. Because they explicitly link financial institutions, payments systems provide a way to transmit risk within, and between, financial systems. Ideally, payments systems should be designed and operated so as not to add risk in the event of a crisis. The author exam...

benefits in 1953 ___. lion, private carriers were responsible for 62 percent, State funds for 25 percent, and self-insurers for 13 percent. Total State fund disbursements, including payments to Federal Government employees, again increased at a slightly faster rate than private carrier payments-5.6 percent and 4.4 percent, respectively. The unevenness in the rate of increase from State to State...

The paper by Lynch et al. (2021) argues that payments to research participants in biomedical can be divided into three different categories, reimbursement, compensation, and incentive ...

A PPP bundles investment and service provision of infrastructure into a single long-term contract. A group of private investors finances and manages the construction of the project, then maintains and operates the facilities for a long period of usually 20 to 30 years, and at the end of the contract transfers the assets to the government. During the operation of the project, the private partner...