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Date:
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Wednesday, September 18, 2002
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Time:
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10:15 AM — 12:00 PM
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Location:
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Wohlstetter Conference Center, Twelfth Floor, AEI 1150 Seventeenth Street, N.W., Washington, D.C. 20036
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About This Event
The large number of asbestos personal injury claims filed in many different courts have caused many judges to adopt procedural "innovations" intended to clear their dockets by encouraging mass settlements. These mass consolidations cause outcomes to change in plaintiffs' favor. As a result, the innovations make the asbestos crisis worse by giving plaintiffs’ lawyers an incentive to file large numbers of additional claims. Michelle J. White, a professor of economics at University of California at San Diego and a research associate for the National Bureau of Economic Research, will discuss her hypotheses at this AEI public finance seminar. She finds that in many cases consolidation increases plaintiffs’ expected return from trial. AEI Scholars will comment on her findings.
Agenda
| 10:00 a.m. | Registration |
| 10:15 | Introduction: | Kevin A. Hassett, AEI |
| Speaker: | Michelle J. White, University of California at San Diego |
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| Discussant: | Michael S. Greve, AEI |
| Moderator: | Kevin A. Hassett, AEI |
| Noon | Adjournment |
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