The changing landscape of blockbuster punitive damages awards
By: Alison F. Del Rossi, W. Kip Viscusi.
Contributors: Viscusi, W. Kip.; National Bureau of Economic Research.
Series: NBER working paper series -- working paper 15571; Working paper series (National Bureau of Economic Research : Online) -- working paper no. 15571.
Publisher: National Bureau of Economic Research
Published: 2009
Place of publication: Cambridge, MA
Language: eng
Format: Electronic resource
Description: "This article investigates the determinants of the blockbuster punitive damages awards of at least $100 million.  As of the end of 2008, there had been 100 such awards with an average value of $3.0 billion.  The U.S.  Supreme Court decision in State Farm v.  Campbell suggested a single digit upper bound on the punitive damages/compensatory damages ratio, which reduced the annual number of blockbuster awards, the total annual value of blockbuster awards, and the punitive damages/compensatory damages ratio.  Applying the 1:1 ratio from Exxon Shipping Co.  et al.  v.  Baker et al.  broadly would eliminate most of the blockbuster awards"--National Bureau of Economic Research web site.
Notes: Title from PDF file as viewed on 12/22/2009.

Includes bibliographical references.

Also available in print.

System requirements: Adobe Acrobat Reader.

Mode of access: World Wide Web.