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Tort Reform

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Can you please help understand concisely the pro's of tort reform?

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Solution Summary

An explain of the benefits of tort reform.

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Tort reform is intended to bring out the best in citizens while discouraging the worst.

Empirical data confirm the benefits of sensible tort reform. A 1994 Stanford University study analyzed the impact of tort liability reforms on economic performance, using data from seventeen industries in states that had enacted tort reform. The study focused on whether reforms had a significant ...

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