Class Action Lawsuits and Lawyers
Kauder, Examining the Work of State Courts, p. 2. 17. Also, in some circumstances, compensatory damages are not taxable but punitive damages are.
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The Efficiency of the Tort System as a Mechanism for Deterrence In the more typical case of torts that are intended to provide deterrence as well as compensation, economists have not reached a consensus about whether costs are efficient. The tort system may conceivably improve efficiency, despite its high transaction costs, if it is particularly effective in reducing the number and severity of injuries.
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Tort System (2003). 4.
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Class Action Lawsuits and Lawyers
C.: National Academy of Social Insurance, July 2003), and CBO's calculation of administrative costs divided by new obligations for the Vaccine Injury Compensation Program Trust Fund, using data from Budget of the United States Government, Fiscal Year 2004: Appendix, p. 409. 9.
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