Integrating Punishment and Efficiency Concerns in Punitive Damages for Reckless Disregard of Risks to Others
Punitive damages deter and punish. Using a social welfare function that incorporates both economic efficiency and a desire for retribution, this paper explores the effects of punitive damages in situations of reckless disregard that might be vie wed as outrageous.
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|Date of creation:||1997|
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