Attorneys and Legal Information

111, no. 2 (May 1996), pp.
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Attorneys and Legal Information

If liability awards exceed actual injury losses--for example, because of punitive damages--potential injurers may be motivated to overspend on precaution (provided they can identify enough promising ways to do so). As an example, suppose a firm expects to pay two dollars in liability for every dollar of actual social costs it produces.
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Class Action Lawsuits and Lawyers

In that view, by awarding damages to compensate victims, tort law would serve as a mechanism to ensure that potential injurers faced the appropriate future costs of their actions.(7) Second, some scholars argued that the tort system could provide a kind of accident insurance for victims. They did not focus on the possibility that an expanded liability system could increase carelessness on the part of potential victims, nor did they adopt any of the methods that traditional insurance policies use to deal with that problem.(8) Rather, they focused exclusively on the distributional goal of relieving victims of the burden of accident losses and spreading that burden across a broader population.
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Class Action Lawsuits and Lawyers

org/D_Research/csp/2001_Files/2001_ Tort-Contract_Tables.xls. 13. The NCSC data are limited to the number of court filings; they do not give details about cases.
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