Topic
Damages
About: Damages is a research topic. Over the lifetime, 9365 publications have been published within this topic receiving 89750 citations. The topic is also known as: compensation award.
Papers published on a yearly basis
Papers
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TL;DR: In this article, the authors investigated the fiscal impact of Hurricane Frederic on the city of Mobile, Alabama and found that the hurricane caused damages of about $1.6 billion in property and other losses in the state, led to an influx of $670 million in recovery funds, and resulted in a $2.5 million increase in municipal revenue for the next 12 months.
Abstract: This study investigates the fiscal impact of Hurricane Frederic on the city of Mobile, Alabama. The hurricane caused damages of about $1.6 billion in property and other losses in the state, led to an influx of $670 million in recovery funds, and resulted in a $2.5 million increase in municipal revenue for the next 12 months. The long-term impact was negative, however.
30 citations
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TL;DR: This article examined how product liability law treated personal injuries attributed to microbially contaminated foods and identified several factors that influence trial outcomes, while noting that the awards won by plaintiffs tend to be modest.
Abstract: This report examines how product liability law treats personal injuries attributed to microbially contaminated foods. The risk of lawsuits stemming from microbial foodborne illness and the resulting court-awarded compensation may create economic incentives for firms to produce safer food. It is not known how many consumers seek compensation for damages from contaminated foods because information about complaints and legal claims involving foodborne illness is not readily accessible, especially for cases that are settled out of court. Reviewing the outcomes of 175 jury trials involving foodborne pathogens, the analysis identifies several factors that influence trial outcomes, while noting that the awards won by plaintiffs tend to be modest.
30 citations
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TL;DR: In the case of Illinois Brick Co. v. Illinois, the U.S. Supreme Court restricted standing to sue for recovery of damages suffered from a breach of federal antitrust law to direct purchasers only.
Abstract: In its landmark ruling in Illinois Brick Co. v. Illinois, the U.S. Supreme Court restricted standing to sue for recovery of damages suffered from a breach of federal antitrust law to direct purchasers only. Even though typically antitrust injury is, at least in part, passed on to firms lower in the production chain and ultimately to consumers, Illinois Brick is binding precedent in a majority of states. In this paper, we draw attention to a strategic abuse of the rule as a shield against antitrust damages claims. We show that Illinois Brick facilitates upstream firms to engage horizontally in a collusive arrangement by focussing concealed vertical side-payments to discourage civil action on their direct purchasers only. Downstream firms are passed part of the upstream cartel profits through a symmetric rationing of their inputs at low prices. This 'Illinois Wall' arrangement sustains collusion in the production chain, substantially reducing total welfare. The more competitive the up- and downstream industries otherwise are, the more scope there is for the arrangement. Illinois Walls are shown to be resilient to entry, as well as to variations in the legal system. Several recent U.S. cartel cases display Illinois Wall symptoms.
30 citations
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01 Jan 2008TL;DR: With expenditures to suppress wildfires in the United States increasing rapidly during the past couple of decades, fire managers, scientists, and policy makers have begun an intense effort to develop alternative approaches to managing wildfire as mentioned in this paper.
Abstract: With expenditures to suppress wildfires in the United States increasing rapidly during the past couple of decades, fire managers, scientists, and policy makers have begun an intense effort to develop alternative approaches to managing wildfire.
30 citations
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TL;DR: In this paper, the residential area of Neka river, in the East of Mazandaran province (north of Iran), is considered, and flood damages are estimated quantitatively.
30 citations