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- W2019135564 abstract "When punitive damage awards create publicity, this could affect the behavior of uncompensated victims, which has implications for the optimal punitive damage multiplier. A new adjusted multiplier is derived that incorporates publicity into the analytical framework. Assuming that all victims receive uniform punitive awards, the result is a lower punitive multiplier relative to the standard result. The extent of the adjustment will depend on the likelihood of publicity, the strength of the publicity, and the number of victims. Plus, under certain litigation cost conditions, if courts allow heterogeneous punitive awards, then efficiency is improved relative to uniform awards." @default.
- W2019135564 created "2016-06-24" @default.
- W2019135564 creator A5021877065 @default.
- W2019135564 date "2004-03-01" @default.
- W2019135564 modified "2023-09-23" @default.
- W2019135564 title "Publicity and the optimal punitive damage multiplier" @default.
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- W2019135564 doi "https://doi.org/10.1016/j.irle.2004.03.002" @default.
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