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US State Tort Liability Reform and Entrepreneurship
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| Zeitschriftentitel: | Review of Law & Economics |
|---|---|
| Personen und Körperschaften: | , |
| In: | Review of Law & Economics, 2020 |
| Format: | E-Article |
| Sprache: | Unbestimmt |
| veröffentlicht: |
Walter de Gruyter GmbH
|
| Schlagwörter: |
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Dove, John A. Dove, Laura R. Dove, John A. Dove, Laura R. |
|---|---|
| author |
Dove, John A. Dove, Laura R. |
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Dove, John A. Dove, Laura R. Review of Law & Economics US State Tort Liability Reform and Entrepreneurship Law General Economics, Econometrics and Finance |
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Dove, John A. Dove, Laura R. 2194-6000 1555-5879 Walter de Gruyter GmbH Law General Economics, Econometrics and Finance http://dx.doi.org/10.1515/rle-2018-0067 <jats:title>Abstract</jats:title><jats:p>Tort and civil liability reform has been a hotly debated issue across US states. This has spawned a large theoretical and empirical academic literature that evaluates the implications of such reform and the impact that it can have on various aspects of an economy. This study adds to that literature by considering how various tort reforms affect entrepreneurial activity across states. The study employs the <jats:italic>Database of State Tort Law Reforms (6th Edition)</jats:italic> and utilizes the Kauffman Index – an index of entrepreneurial startup activity – between 1996 and 2016, finding that liability reform is generally positively associated with increased entrepreneurial activity. These results are largely driven by joint and several liability, caps on noneconomic damages, limits on contingency fees, and collateral source rules though this latter result is somewhat less robust, while the effects of joint and several liability do not persist through time.</jats:p> US State Tort Liability Reform and Entrepreneurship Review of Law & Economics |
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| title |
US State Tort Liability Reform and Entrepreneurship |
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US State Tort Liability Reform and Entrepreneurship |
| title_full |
US State Tort Liability Reform and Entrepreneurship |
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US State Tort Liability Reform and Entrepreneurship |
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US State Tort Liability Reform and Entrepreneurship |
| title_short |
US State Tort Liability Reform and Entrepreneurship |
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us state tort liability reform and entrepreneurship |
| topic |
Law General Economics, Econometrics and Finance |
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http://dx.doi.org/10.1515/rle-2018-0067 |
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2020 |
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<jats:title>Abstract</jats:title><jats:p>Tort and civil liability reform has been a hotly debated issue across US states. This has spawned a large theoretical and empirical academic literature that evaluates the implications of such reform and the impact that it can have on various aspects of an economy. This study adds to that literature by considering how various tort reforms affect entrepreneurial activity across states. The study employs the <jats:italic>Database of State Tort Law Reforms (6th Edition)</jats:italic> and utilizes the Kauffman Index – an index of entrepreneurial startup activity – between 1996 and 2016, finding that liability reform is generally positively associated with increased entrepreneurial activity. These results are largely driven by joint and several liability, caps on noneconomic damages, limits on contingency fees, and collateral source rules though this latter result is somewhat less robust, while the effects of joint and several liability do not persist through time.</jats:p> |
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| author | Dove, John A., Dove, Laura R. |
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| description | <jats:title>Abstract</jats:title><jats:p>Tort and civil liability reform has been a hotly debated issue across US states. This has spawned a large theoretical and empirical academic literature that evaluates the implications of such reform and the impact that it can have on various aspects of an economy. This study adds to that literature by considering how various tort reforms affect entrepreneurial activity across states. The study employs the <jats:italic>Database of State Tort Law Reforms (6th Edition)</jats:italic> and utilizes the Kauffman Index – an index of entrepreneurial startup activity – between 1996 and 2016, finding that liability reform is generally positively associated with increased entrepreneurial activity. These results are largely driven by joint and several liability, caps on noneconomic damages, limits on contingency fees, and collateral source rules though this latter result is somewhat less robust, while the effects of joint and several liability do not persist through time.</jats:p> |
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| spelling | Dove, John A. Dove, Laura R. 2194-6000 1555-5879 Walter de Gruyter GmbH Law General Economics, Econometrics and Finance http://dx.doi.org/10.1515/rle-2018-0067 <jats:title>Abstract</jats:title><jats:p>Tort and civil liability reform has been a hotly debated issue across US states. This has spawned a large theoretical and empirical academic literature that evaluates the implications of such reform and the impact that it can have on various aspects of an economy. This study adds to that literature by considering how various tort reforms affect entrepreneurial activity across states. The study employs the <jats:italic>Database of State Tort Law Reforms (6th Edition)</jats:italic> and utilizes the Kauffman Index – an index of entrepreneurial startup activity – between 1996 and 2016, finding that liability reform is generally positively associated with increased entrepreneurial activity. These results are largely driven by joint and several liability, caps on noneconomic damages, limits on contingency fees, and collateral source rules though this latter result is somewhat less robust, while the effects of joint and several liability do not persist through time.</jats:p> US State Tort Liability Reform and Entrepreneurship Review of Law & Economics |
| spellingShingle | Dove, John A., Dove, Laura R., Review of Law & Economics, US State Tort Liability Reform and Entrepreneurship, Law, General Economics, Econometrics and Finance |
| title | US State Tort Liability Reform and Entrepreneurship |
| title_full | US State Tort Liability Reform and Entrepreneurship |
| title_fullStr | US State Tort Liability Reform and Entrepreneurship |
| title_full_unstemmed | US State Tort Liability Reform and Entrepreneurship |
| title_short | US State Tort Liability Reform and Entrepreneurship |
| title_sort | us state tort liability reform and entrepreneurship |
| title_unstemmed | US State Tort Liability Reform and Entrepreneurship |
| topic | Law, General Economics, Econometrics and Finance |
| url | http://dx.doi.org/10.1515/rle-2018-0067 |