Open AccessA Simple Analysis Of New York State Tort Reform
Author(s) -
Larry Lichtenstein,
Ronald R. Reiber
Publication year - 2010
Publication title -
journal of business and economics research
Language(s) - English
Resource type - Journals
eISSN - 2157-8893
pISSN - 1542-4448
DOI - 10.19030/jber.v8i8.752
Subject(s) - plaintiff , tort , style (visual arts) , span (engineering) , phenomenon , economic justice , tort reform , law , law and economics , political science , economics , philosophy , art , literature , engineering , liability , civil engineering , epistemology
In New York State, there has been a rapid increase in personal injury litigation over the recent past. We show empirically that the tort reform that occurred in the 1980s may be, in part, responsible for this phenomenon by increasing the effective structured award that the plaintiff receives. However, despite this generous compensation scheme, some cohorts of plaintiffs may still not receive economic justice.