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Economic damages and tort reform: A comparative analysis of the calculation of economic damages in personal injury and death litigation in the United States and the United Kingdom

In: Personal Injury and Wrongful Death Damages Calculations: Transatlantic Dialogue

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  • John O. Ward

Abstract

All of the above proposals are realities in Western Europe, and it is suggested that the adoption of such “reforms” would substantially reduce the transaction costs of providing compensation to deserving plaintiffs, improve the efficiency of the tort system, and provide manufacturers and service providers with greater predictability and “fairness” in potential tort damages in the United States.

Suggested Citation

  • John O. Ward, 2009. "Economic damages and tort reform: A comparative analysis of the calculation of economic damages in personal injury and death litigation in the United States and the United Kingdom," Contemporary Studies in Economic and Financial Analysis, in: Personal Injury and Wrongful Death Damages Calculations: Transatlantic Dialogue, pages 35-71, Emerald Group Publishing Limited.
    • Handle: RePEc:eme:csefzz:s1569-3759(2009)0000091006
    DOI: 10.1108/S1569-3759(2009)0000091006
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    Cited by:

    1. Anna Jędrzychowska, 2022. "A Bridge Life Insurance for Households—Diagnosis and Motives," Risks, MDPI, vol. 10(4), pages 1-21, April.
    2. Jędrzychowska Anna & Kwiecień Ilona, 2019. "Economic Factors in the Process of Calculation of Annuities in Bodily Injury Compensation Claims Under Liability Insurance," Financial Sciences. Nauki o Finansach, Sciendo, vol. 24(1), pages 25-38, March.

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