Do Punitive Damages Promote Deterrence

J. Boyd; D. Ingberman

DOI:10.1016/S0144-8188(98)00030-1

Corpus ID: 309483

Do Punitive Damages Promote Deterrence

@article{Boyd1999DoPD,
  title={Do Punitive Damages Promote Deterrence},
  author={J. Boyd and D. Ingberman},
  journal={International Review of Law and Economics},
  year={1999},
  volume={19},
  pages={47-68}
}

J. Boyd, D. Ingberman

Published 1999

Economics

International Review of Law and Economics

This paper explores the deterrent effect of punitive damages. By contrast with the existing literature, we let capital investment -- an important determinant of deterrence -- be made in anticipation of liability. Our analysis challenges several common perceptions regarding the effects of punitive damages law. For instance, it is generally believed that "more punitive" liability increases deterrence, as potential defendants increase safety to reduce risk or to avoid being found punitively liable… CONTINUE READING

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