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The Basel Accord and the Value of Bank Differentiation

Eberhard Feess and Ulrich Hege.

in Review of Finance

October 2012; p ublished online July 2011 .

Journal Article. Subjects: Publicly Provided Goods; Tort Law. 17135 words.

The authors investigate optimal capital requirements in a model in which banks decide on their investment in credit scoring systems. The main result is that regulators should encourage...

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Cumulative Harm, Products Liability, and Bilateral Care

Andrew F. Daughety and Jennifer F. Reinganum.

in American Law and Economics Review

December 2013; p ublished online September 2013 .

Journal Article. Subjects: Tort Law; Market Structure, Firm Strategy, and Market Performance; Market Structure and Pricing. 10629 words.

We extend consideration of cumulative harm in products liability to the case of bilateral care. For this specification, the level of care and the level of output chosen by the firm are...

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Economics and Prescribed Fire Law in the United States

Jonathan Yoder, Marcia Tilley, David Engle and Samuel Fuhlendorf.

in Applied Economic Perspectives and Policy

January 2003; p ublished online January 2003 .

Journal Article. Subjects: Law and Economics; Renewable Resources and Conservation; Tort Law; Agricultural Economics. 7747 words.

Prescribed burning is increasingly recognized as a useful but risky land management and conservation tool. Common law relating to prescribed fire is generally predicated on negligence...

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Growing Out of Trouble? Corporate Responses to Liability Risk

Todd A. Gormley and David A. Matsa.

in The Review of Financial Studies

August 2011; p ublished online April 2011 .

Journal Article. Subjects: Production and Organizations; Corporate Governance; Mergers and Acquisitions; Tort Law. 19909 words.

This article analyzes corporate responses to the liability risk arising from workers' exposure to newly identified carcinogens. We find that firms, especially those with weak balance...

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Harm–Benefit Interactions

Oren Bar-Gill and Ariel Porat.

in American Law and Economics Review

March 2014; p ublished online September 2013 .

Journal Article. Subjects: Welfare Economics; Property Law; Tort Law; Contract Law. 10551 words.

We analyze a distinct category of cases—Harm–Benefit cases—in which harm to the victim is accompanied by benefit to the injurer. While liability should be imposed when the benefit exceeds...

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The Impact of Noneconomic Damages Cap on Health Care Delivery in Hospitals

Anca M. Cotet.

in American Law and Economics Review

April 2012; p ublished online January 2012 .

Journal Article. Subjects: Economics of Health; Tort Law. 13227 words.

Previous literature focused on narrowly defined treatments reached conflicting conclusions about the association between tort reforms and treatment intensity. Using county-level panel data,...

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Innovative Negligence Rules

Giuseppe Dari-Mattiacci and Luigi Alberto Franzoni.

in American Law and Economics Review

December 2014; p ublished online January 2014 .

Journal Article. Subjects: Tort Law; Law and Economics. 10292 words.

Often, injurers or victims (or both) can adopt a new technology that reduces the social costs of accidents. When adoption costs are not verifiable in court, optimal adoption decisions...

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Media Influence on Courts: Evidence from Civil Case Adjudication

Claire S. H. Lim.

in American Law and Economics Review

March 2015; p ublished online March 2015 .

Journal Article. Subjects: Tort Law; Law and Economics; Other Economic Systems. 13343 words.

This paper quantitatively assesses media influence on civil case adjudication in U.S. state courts. It shows that media influence substantially mitigates disparity in damage awards across...

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Noneconomic Damage Caps and Medical Malpractice Claim Frequency: A Policy Endogeneity Approach

Christine Piette Durrance.

in The Journal of Law, Economics, and Organization

December 2010; p ublished online September 2009 .

Journal Article. Subjects: Economics of Health; Tort Law. 8317 words.

Medical malpractice has received much attention in the media with highly publicized jury awards and reported consequences of excessive litigation. Health care and medical malpractice remain...

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Of Tastes and Values

Guido Calabresi.

in American Law and Economics Review

December 2014; p ublished online September 2014 .

Journal Article. Subjects: General Economics; History of Economic Thought (to 1925); History of Economic Thought (1925 onwards); Economic Methodology; Microeconomics; Production and Organizations; Welfare Economics; Analysis of Collective Decision-making; Taxation, Subsidies, and Revenue; Publicly Provided Goods; Economics of Health; Education and Research Institutions; Law and Economics; Tort Law; Nonprofit Organizations and Public Enterprise; Capitalist Systems; Economic Sociology. 8249 words.

This lecture was delivered by Judge Calabresi upon receiving the Ronald H. Coase Medal at the Annual Meeting of the American Law and Economic Association at Stanford Law School on May 18,...

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