Title: On the Justifications and Application of Punitive Damages from the Perspective of Legal Economics
Abstract: Since the 1920s,the study of punitive damages from the perspective of legal economics has made great progress,of which Deterrence Theory is of the most mature.Besides the most effective deterrence,there are other justifications for punitive damages like inadequate compensation and punishment.The application of punitive damages should take such factors as the reprehensibility of the action,the wealth of the defendants and the litigation costs into consideration.
Publication Year: 2007
Publication Date: 2007-01-01
Language: en
Type: article
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