The Economist in Tort Litigation

Dados Bibliográficos

ID4029488
AutoresRobert J Thornton (0000-0002-6748-0913, Lehigh University), Robert Thornton (Lehigh University, Bethlehem, Pennsylvania.), John O Ward (University of Missouri–Kansas City), John Ward (0000-0002-0402-1541, University of Missouri-Kansas City, Kansas City, Missouri.)
Ano1999
Volume13
Fascículo2
Páginas101-112
Data de publicação1999-05-01
Peer ReviewedSim
Open AccessSim
TipoARTICLE
PeriódicoThe Journal of Economic Perspectives (JOURNAL)
Identificadores do periódicoISSN: 0895-3309 • E-ISSN: 1944-7965
EditoraAmerican Economic Association (PUBLISHER • US)
DOI10.1257/jep.13.2.101
OpenAlexW2063935001
IdiomaEN
Citações recebidas5
Referências citadas21

In recent decades, the involvement of economists as consultants and expert witnesses in civil tort actions has grown rapidly. In this article, the authors discuss the reasons for this phenomenon and the extent to conflicts of interest to arise in the practice of what is frequently called 'forensic economics.' They argue that, although conflict-of-interest pressures exist, the limited evidence does not indicate that unethical practices are rampant within the profession. Moreover, market correctives, judicial screening, codes of ethical behavior, and the dissemination of knowledge concerning proper forensic practice help to serve as (arguably imperfect) safeguards against unethical practice

Civil litigation · Conflict of interest · Economics · Epistemology · Imperfect · Law and economics · Liability · Phenomenon · Political science · Tort · Tort reform · Law · Law, Economics, and Judicial Systems · Medical Malpractice and Liability Issues · Regulation and Compliance Studies