Publicity and the Optimal Punitive Damage Multiplier ler

Isbn 10: 1502355167

Isbn 13: 9781502355164

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Descrição do livro

When punitive damage awards create publicity, this could affect the behavior of uncompensated victims, which has implications for the optimal punitive damage multiplier. A new adjusted multiplier is derived that incorporates publicity into the analytical framework. Assuming that all victims receive uniform punitive awards, the result is a lower punitive multiplier relative to the standard result. The extent of the adjustment will depend on the likelihood of publicity, the strength of the publicity, and the number of victims. Finally, under certain litigation cost conditions, if courts allow heterogeneous punitive awards, then efficiency is improved relative to uniform awards.

Número de páginas :30
Isbn 10 :1502355167
Isbn 13 :9781502355164
Encadernação Publicity and the Optimal Punitive Damage Multiplier:Capa Comum