All Article Summaries
These article summaries are written by TAP staff members. TAP’s purpose for this section of the site is to present information, points of view, research, and debates.
Uneasy Case for Product Liability, The
Argues that product liability analyses have been insufficient and that product liability may not be socially desirable.
Aligning the Interests of Lawyers and Clients
This paper looks at problems with the way clients pay lawyers.
Economic Theory of Public Enforcement of Law
This article surveys many issues relating to public sector law enforcement.
Punitive Damages: An Economic Analysis
This paper looks at how much firms or people who harm others should pay.
Decoupling Liability: Optimal Incentives for Care and Litigation
This article looks at who should be paid damages in a successful lawsuit.
Welfare Implications of Costly Litigation for the Level of Liability, The
This paper asks how courts should decide how much someone who injures another should pay.
Optimal Tradeoff Between the Probability and Magnitude of Fines, The
This paper asks how high fines for wrongdoing should be set.