Monday, January 18, 2010

Article on tort reform

A new article titled Does Tort Law Reform Help or Hurt Consumers? by Prof. Stephen P. King of the Faculty of Business and Economics, Monash University in Australia concludes that the effect of tort law reforms on consumers is "that reforms to limit non-economic losses make consumers unambiguously worse off...Although insurance premiums fall and these reductions are passed on to consumers in full, this gain is more than offset by the increased risk that consumers are forced to bear." The article is available here.

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