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Decision Analysis on Whether to Accept a Remittitur
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Joseph B. Kadane
Veröffentlicht/Copyright:
16. November 2009
This paper examines the decision faced by a plaintiff who has successfully established liability, but the judge has reduced the jurys award under a procedure known as a remittitur. The plaintiff has the choice of accepting the remittitur or having a new trial. An analysis of the rules surrounding remittiturs in US federal court shows that there is almost no advantage to choosing a new trial rather than to accept the remittitur, no matter how small the resulting award may be.
Published Online: 2009-11-16
©2011 Walter de Gruyter GmbH & Co. KG, Berlin/Boston
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Artikel in diesem Heft
- Article
- Macroeconomic Instability and Corporate Failure: The Role of the Legal System
- Prevention of Crime and the Optimal Standard of Proof in Criminal Law
- Does a Rise in Maximal Fines Increase or Decrease the Optimal Level of Deterrence?
- Benchmarks and Economic Analysis
- Pass a Law, Any Law, Fast! State Legislative Responses to the Kelo Backlash
- The Problem of Shared Social Cost
- A Cost of Tax Planning
- Never Two Without Three: Commons, Anticommons and Semicommons
- Unavoidable Accident
- Protecting Private Property with Constitutional Judicial Review: A Social Welfare Approach
- Measuring Criminal Spillovers: Evidence from Three Strikes
- Corruption on the Court: The Causes and Social Consequences of Point-Shaving in NCAA Basketball
- Valuation of Quality of Life Losses Associated with Nonfatal Injury: Insights from Jury Verdict Data
- Belief in a Just World, Blaming the Victim, and Hate Crime Statutes
- Do Citizens Know Whether Their State Has Decriminalized Marijuana? Assessing the Perceptual Component of Deterrence Theory
- The Structure of Incremental Liability Rules
- Firms' Motivations for Environmental Overcompliance
- Contingent Fees, Signaling and Settlement Authority
- Rethinking the Economic Model of Deterrence: How Insights from Empirical Social Science Could Affect Policies Towards Crime and Punishment
- Crime, Business Conduct and Investment Decisions: Enterprise Survey Evidence from 34 Countries in Europe and Asia
- Additive and Non-Additive Risk Factors in Multiple Causation
- The Devil Made Me Do It: The Corporate Purchase of Insurance
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- The Choice in the Lawmaking Process: Legal Transplants vs. Indigenous Law
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- Reporter's Privilege and Incentives to Leak
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- Deterrence in Rank-Order Tournaments
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