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The Consumer Welfare Effects of Liability for Pain and Suffering: An Exploratory Analysis

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  • JohnE. Calfee

    (Brookings Institution)

  • CLifford Winston

    (Brookings Institution)

Abstract

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Suggested Citation

  • JohnE. Calfee & CLifford Winston, 1993. "The Consumer Welfare Effects of Liability for Pain and Suffering: An Exploratory Analysis," Brookings Papers on Economic Activity, Economic Studies Program, The Brookings Institution, vol. 24(1 Microec), pages 133-196.
    • Handle: RePEc:bin:bpeajo:v:24:y:1993:i:1993-1m:p:133-196
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    File URL: https://www.brookings.edu/wp-content/uploads/1993/01/1993a_bpeamicro_calfee.pdf
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    References listed on IDEAS

    as
    1. Calfee, John E & Rubin, Paul H, 1992. "Some Implications of Damage Payments for Nonpecuniary Losses," The Journal of Legal Studies, University of Chicago Press, vol. 21(2), pages 371-411, June.
    2. Winston, Clifford & Mannering, Fred, 1984. "Consumer Demand for Automobile Safety," American Economic Review, American Economic Association, vol. 74(2), pages 316-319, May.
    3. Wesley A. Magat & W. Kip Viscusi, 1992. "Informational Approaches to Regulation," MIT Press Books, The MIT Press, edition 1, volume 1, number 026213277x, December.
    4. Evans, William N & Viscusi, W Kip, 1991. "Estimation of State-Dependent Utility Functions Using Survey Data," The Review of Economics and Statistics, MIT Press, vol. 73(1), pages 94-104, February.
    5. Viscusi, W. Kip, 1988. "Pain and suffering in product liability cases: Systematic compensation or capricious awards?," International Review of Law and Economics, Elsevier, vol. 8(2), pages 203-220, December.
    6. Paul H. Rubin & John E. Calfee, 1992. "Consequences of Damage Awards for Hedonic and Other Nonpecuniary Losses," Journal of Forensic Economics, National Association of Forensic Economics, vol. 5(3), pages 249-260, September.
    7. Viscusi, W Kip & Evans, William N, 1990. "Utility Functions That Depend on Health Status: Estimates and Economic Implications," American Economic Review, American Economic Association, vol. 80(3), pages 353-374, June.
    8. Kip Viscusi, W. & Magat, Wesley A. & Huber, Joel, 1991. "Pricing environmental health risks: survey assessments of risk-risk and risk-dollar trade-offs for chronic bronchitis," Journal of Environmental Economics and Management, Elsevier, vol. 21(1), pages 32-51, July.
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    Citations

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    Cited by:

    1. Fraser, Clive D., 1996. "On tort as an implicit insurance system with state-dependent utility: The case of child mortality risk," International Review of Law and Economics, Elsevier, vol. 16(4), pages 449-459, December.
    2. Cooter, Robert D., 2003. "Hand Rule Damages for Incompensable Losses," Berkeley Olin Program in Law & Economics, Working Paper Series qt5rf3f1m2, Berkeley Olin Program in Law & Economics.
    3. Frenzen, Paul D. & Buzby, Jean C. & Rasco, Barbara, 2001. "Product Liability And Microbial Foodborne Illness," Agricultural Economic Reports 34059, United States Department of Agriculture, Economic Research Service.
    4. Small, Kenneth A., 1997. "Economics and urban transportation policy in the United States," Regional Science and Urban Economics, Elsevier, vol. 27(6), pages 671-691, November.
    5. Calfee, John & Winston, Clifford, 1998. "The value of automobile travel time: implications for congestion policy," Journal of Public Economics, Elsevier, vol. 69(1), pages 83-102, July.
    6. Cooter, Robert D., 1999. "Punitive Damages, Social Norms, and Economic Analysis," Berkeley Olin Program in Law & Economics, Working Paper Series qt7h38w307, Berkeley Olin Program in Law & Economics.
    7. Cooter, Robert D., 1997. "Commodifying Liability," Berkeley Olin Program in Law & Economics, Working Paper Series qt9pq4m8ts, Berkeley Olin Program in Law & Economics.

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