Regulation through Litigation
Edited by W. Kip Viscusi
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Regulation through Litigation by W. Kip Viscusi
Book DescriptionRecent high-profile lawsuits involving cigarettes, guns, breast implants, and other products have created new frictions between litigation and regulation. Increasingly, litigation is being used as a financial lever to force companies to accept negotiated regulatory policies upolicies that invariably involve less public input and accountability than those arising from government regulation. The process not only usurps the traditional governmental authority for regulation, but also shifts the locus of establishing tax policy from the legislature to the parties involved in the litigation. Citizen interests are not explicitly represented and there is no mechanism to ensure that these outcomes are in society's best interests. By focusing on case studies involving the tobacco industry, guns, lead paint, breast implants, and health maintenance organizations, the contributors to this volume collectively shed light on the likely consequences of regulation through litigation for insurance markets and society at large. They analyze the ramifications of large-scale lawsuits, mass torts, and class actions for the insurance market, and advocate increased public scrutiny of attorney reimbursement and a competitive bidding process for all lawsuits involving government entities as the plaintiffs.
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Book DetailsISBN: 9780815706090
(229mm x 152mm x 26mm)
Imprint: Brookings Institution
Publisher: Brookings Institution
Publish Date: 1-Sep-2001
Country of Publication: United States
Books By Author W. Kip Viscusi
Handbook of the Economics of Risk and Uncertainty, Hardback (November 2013)
Presents coherent summaries of risk and uncertainty that inform major areas in economics and finance. This title divides coverage between theoretical, empirical, and experimental findings. It makes the economics of risk and uncertainty accessible to scholars in fields outside economics.
Economics of Regulation and Antitrust, Hardback (September 2005)
A substantially revised and updated new edition of the leading text on business and government, with new material reflecting recent theoretical and methodological advances; includes further coverage of the Microsoft antitrust case, the deregulation of telecommunications and electric power, and new environmental regulations.
Smoke-filled Rooms, Hardback (June 2002)» View all books by W. Kip Viscusi
Viscusi's assessment of the tobacco industry and how the individuals understanding of the risks involved in smoking runs against conventional thinking. He enters the debate about the legal, financial and social consequences of the industry with a realistic and informed post-mortem.
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Author Biography - W. Kip Viscusi
W. Kip Viscusi is John F. Cogan Jr. Professor of Law and Economics and director of the Program on Empirical Legal Studies at Harvard Law School, USA.
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