Download or read book The Economics of U.S. Tort Liability written by and published by Congressional Budget Office. This book was released on 2003 with total page 54 pages. Available in PDF, EPUB and Kindle. Book excerpt: A CBO Study. Attempts to clarify the issues and policy options surrounding the tort system. Presents an economic perspective on tort liability. Outlines the strengths and weaknesses of tort liability as a tool for promoting economic efficiency and fairness. Discusses the available data on the benefits and costs of the tort system. Analyzes in qualitative terms the likely effects of various policy options for altering the system. Makes no recommendations.