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Tuesday, December 1, 2020 | History

3 edition of The changing landscape of blockbuster punitive damages awards found in the catalog.

The changing landscape of blockbuster punitive damages awards

Alison F. Del Rossi

The changing landscape of blockbuster punitive damages awards

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  • 19 Currently reading

Published by National Bureau of Economic Research in Cambridge, MA .
Written in English


Edition Notes

StatementAlison F. Del Rossi, W. Kip Viscusi.
SeriesNBER working paper series -- working paper 15571, Working paper series (National Bureau of Economic Research : Online) -- working paper no. 15571.
ContributionsViscusi, W. Kip., National Bureau of Economic Research.
Classifications
LC ClassificationsHB1
The Physical Object
FormatElectronic resource
ID Numbers
Open LibraryOL23992404M
LC Control Number2009655821


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The changing landscape of blockbuster punitive damages awards by Alison F. Del Rossi Download PDF EPUB FB2

The Changing Landscape of Blockbuster Punitive Damages Awards Alison F. Del Rossi, St. Lawrence University, and W. Kip Viscusi, Vanderbilt Law School This article investigates the determinants of the blockbuster punitive damages awards. The Changing Landscape of Blockbuster Punitive Damages Awards Alison F.

Del Rossi, St. Lawrence University, and W. Kip Viscusi, Vanderbilt Law School This article investigates the determinants of the blockbuster punitive damages awards of at least $ million.

As of the end ofthere had been one hundred such awards. The Changing Landscape of Blockbuster Punitive Damages Awards Alison F. Del Rossi, W. Kip Viscusi.

NBER Working Paper No. Issued in December NBER Program(s):Law and Economics This article investigates the determinants of the blockbuster punitive damages awards of at least $ by: 6. This article investigates the determinants of the blockbuster punitive damages awards of at least $ million.

As of the end ofthere had been such awards with an average value of $ billion. The U.S. Supreme Court decision in State Farm v.

Download Citation | The Changing Landscape of Blockbuster Punitive Damages Awards | This article investigates the determinants of the blockbuster punitive damages awards of. The Changing Landscape of Blockbuster Punitive Damages Awards American Law and Economics Review, Vol.

12, Issue 1, pp. Posted: 26 Apr Cited by: 6. This case, which involved the same plaintiff's attorney, Michael Piuze, as in the Boeken individual smoker cigarette case, had a ratio of punitive damages to compensatory damages of approximat, which is the highest ratio for any blockbuster punitive damages award.

19 A very large cigarette punitive damages award was in the Illinois “lights” cigarette class action, Price by: 6. Any punitive damages award exceeding $ million qualifies as a “blockbuster award.” For previ-ous work on blockbuster awards and the coining of the “blockbuster punitive damages award” designation, see Alison F.

Del Rossi & W. Kip Viscusi, The Changing Landscape of Blockbuster Punitive Damages Awards, 12 AM. ECON. The Changing Landscape of Blockbuster Punitive Damages Awards. By W. Kip Viscusi and Alison F.

Del Rossi. Abstract. This article investigates the determinants of the blockbuster punitive damages awards of at least $ million.

As of the end ofthere had been such awards with an average value of $ billion. the total annual Cited by: 6. Abstract. Blockbuster punitive damages awards, i.e., those awards exceeding $ million, attract attention based on their sheer size.

While there have been fewer such awards in the last decade, they remain an important presence in the legal : Benjamin J. McMichael, W. Kip Viscusi. This article investigates the determinants of the blockbuster punitive damages awards of at least $ million. As of the end ofthere had been such awards with an average value of $ billion.

The U.S. Supreme Court decision in State Farm : Alison F. Del Rossi and W. Kip Viscusi. The Changing Landscape of Blockbuster Punitive Damages Awards This article investigates the determinants of the blockbuster punitive damages awards of at least $ million.

As of the end ofthere had been one hundred such awards with an average value of $ billion. The U.S. Supreme Court decision in State Farm v. Get this from a library. The changing landscape of blockbuster punitive damages awards.

[Alison F Del Rossi; W Kip Viscusi; National Bureau of Economic Research.] -- "This article investigates the determinants of the blockbuster punitive damages awards of at least $ million. As of the end ofthere had been such awards with an average value of $ Blockbuster punitive damages awards, i.e., those awards exceeding $ million, attract attention based on their sheer size.

While there have been fewer such awards in the last decade, they remain an important presence in the legal landscape. Taking notice of these and other large punitive damages awards, courts and state policymakers have taken steps to both constrain them and render them Author: Benjamin J.

McMichael, W. Kip Viscusi. BibTeX @MISC{Rossi09©notice, author = {Alison F. Del Rossi and W. Kip Viscusi and Alison F. Del Rossi and W. Kip Viscusi and Alison F. Del Rossi and W. Kip Viscusi}, title = {© notice, is given to the source. The Changing Landscape of Blockbuster Punitive Damages Awards}, year = {}}.

The Changing Landscape of Blockbuster Punitive Damages Awards Created Date: Z. Their paper, Taming Blockbuster Punitive Damages Awards, exploits data on the punitive damages awards that were imposed between and Of note is a "heat map" (below) which illustrates the distributions of blockbuster awards across states, with darker states having had more such awards.

The Changing Landscape of Blockbuster Punitive Damages Awards, 12 Am. & Econ. Rev.tbl.2 (). Unpredictable punitive awards, moreover, hamper innovation and undermine effective business and litigation planning.

Amicus curiae thus has a con-siderable interest in ensuring that punitive awards. “The Changing Landscape of Blockbuster Punitive Damages Awards,” with Alison F. Del Rossi, American Law and Economics Review, Vol. 12, No. 1 (Spring ), pp. (pdf) “Reply to “The Effects of ‘Early Offers’ in Medical Malpractice Cases: Evidence from Texas,”” with Joni Hersch and Jeffrey O’Connell, Journal of.

Any punitive damages award exceeding $ million qualifies as a "blockbuster award." For previous work on blockbuster awards and the coining of the "blockbuster punitive damages award" designation, see Alison F. Del Rossi & W. Kip Viscusi, The Changing Landscape ofBlockbuster Punitive Damages Awards, 12 AM.

: Benjamin J. McMichael, W. Kip Viscusi. Alison F. Del Rossi and W. Kip Viscusi have posted a paper on SSRN entitled "The Changing Landscape of Blockbuster Punitive Damages Awards." The authors note that since the State Farm decision inthe number of blockbuster decisions has tapered off, and the magnitude of the relationship between aggregate punitive damages and compensatory damages in recent blockbuster.

Blockbuster punitive damages awards, i.e., those awards exceeding $ million, attract attention based on their sheer size. While there have been fewer such awards in the last decade, they remain an important presence in the legal landscape.

Downloadable (with restrictions). Civil Justice Survey of State Courts,we find that juries are significantly more likely to award punitive damages than are judges and award higher levels of punitive damages. Jury awards are also less strongly related to compensatory damages. The differential effect of juries is most pronounced among the largest awards.

The Changing Landscape of Blockbuster Punitive Damages Awards American Law and Economics Review,12, (1), See also Working Paper () The Effects of Tort Reform on Medical Malpractice Insurers' Ultimate Losses Journal of Risk & Insurance,76, (1), View citations (5) See also Working Paper ().

disproportionately affected by punitive damages awards. The due process protections afforded by the United States Constitution are essential to ensure that punitive damages awards are rendered in a manner that is scrupulously fair to the defendant.

State and federal courts have interpreted the puni-tive damages guideposts set out by this Court in a. This article focuses on the blockbuster award-level punitive damage award levels that are at least $ million Although there is nothing unique about the $ million cutoff, it does make the inventory of large punitive damage award levels much more manageable than would a lower cutoff of, for example, $1 million.

In fact, Viscusi begins his rebuke of Eisenberg’s analysis of state court data by looking at an entirely different sample: the 63 “blockbuster” punitive damages awards of at least $ The Changing Landscape of Blockbuster Punitive Damages Awards American Law and Economics Review () W.

Kip Viscusi. The two-volume set covers tort reform state by state, and a wide range of pretrial, trial, and post-trial strategies.

To meet the increased demands for information on foreign legal systems as foreign markets consolidate, Punitive Damages also includes a chapter on comparative law. This text, which includes citations to literally thousands of. Richard Aaron Chastain, Note, Cleaning up Punitive Damages': A Statutory Solution for Unguided Punitive Damages Awards" in Maritime Cases, 63 VAND.

REV. Alison F. Del Rossi and W. Kip Viscusi, The Changing Landscape of Blockbuster Punitive Damages Awards, 12 AM. & ECON. REV. A FINANCIAL ECONOMIC THEORY OF PUNITIVE DAMAGES Robert J. Rhee* This Article provides a financial economic theory of punitive damages. The core problem, as the Supreme Court acknowledged in Exxon Shipping Co.

Baker, is not the systemic amount of punitive damages in the tort system; rather it is the risk of outlier by: 2. Benjamin J. McMichael & W. Kip Viscusi, Taming Blockbuster Punitive Damages Awards, U.

Ill. Rev. Marco JimenezAs tort reform heated up in the United States late in the last century, so too did the debate over the appropriateness of punitive damages awards, especially where those damages were seen to be excessive.

Complicating the picture, of course, is what it. A bill that overhauls Missouri’s provisions for punitive damages and sets limits on the Merchandising Practices Act is headed to the governor. Enter your user name and password in the fields above to gain access to the subscriber content on this site.

Your subscription includes one set of login. punitive damage awards are made; 3) Prevalence of Punitive Damage Awards: New data show s the increasing prevalence of punitive damage awards, and.

4) Insurance Products for Punitive Damages: There are pros and cons to the insurance products designed to cover punitive liability. A Review of the U.S. Punitive Damages Liability LandscapeFile Size: KB.

The Changing Landscape of Blockbuster Punitive Damages Awards pp. Alison F. Del Rossi and W Viscusi Corruption and the Distortion of Law Enforcement Effort pp.

Luciana Echazu and Nuno Garoupa The Economics of Injunctive and Reverse Settlements pp. Keith N. Hylton and Sungjoon Cho Do Independent Prosecutors Deter. Start studying Tort Law - Punitive-Damage Awards Chapter's Quiz.

Learn vocabulary, terms, and more with flashcards, games, and other study tools. “The Changing Landscape of Blockbuster Punitive Damage Awards.” American Law and Economics Review 12(1): (c) *Pesko, Michael F., et al. “The Effects of Malpractice Non-Economic Damage Caps on the Supply of Physician Labor: Heterogeneity by Physician Age and Risk.” International Review of Law and Economics (c).

Legal Change in the Face of Risk-Averse Subjects: A Generalization of the Theory Explaining Difference in the Quantity of Cases Heard by Courts of Last Resort About American Law and Economics Review.

(2) The mean ratio excludes Garamendi v. Altus Finance S.A., which has zero compensatory damages. Source: "The Changing Landscape of Blockbuster Punitive Damages Awards," by Alison F.

Del Rossi and W. Kip Viscusi. American Law and Economics Review, Vol. 12. This is nowhere more evident than in the case of punitive damages. While attention often focuses on the h uge “blockbuster” awards (Del Rossi & Viscusi,PDF download here), the more common view is that punitive damages tend to be relatively rare.

And they are. A decision by a Florida jury to impose punitive damages of $ billion against RJ Reynolds Tobacco Company on Friday is likely to be rejected on appeal or the award .Competition, Free Markets, and the Law-Symposium on Law and Public Policy Harvard Journal of Law & Public Policy, Vol.

23, Issue 1 (Fall ), pp. Viscusi, W. Kip .To explore whether juries and judges differ in their treatment of punitive damages awards, we began with a systematic search for punitive damages awards of at least $ million. We found 53 such awards over the period – All but one of these blockbuster awards is the outcome of a jury decision rather than the result of a bench Size: KB.