One of the arguments for punitive damages (damages paid to the plaintiff in excess of actual damages)

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One of the arguments for punitive damages (damages paid to the plaintiff in excess of actual damages) is that such damage payments compensate for the fact that lawsuits are not always filed, even if justified. Explain.

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Environmental Economics

ISBN: 9780199732647,9780197541111

2nd Edition

Authors: Charles D. Kolstad

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Question Posted: Mar 26, 2024 02:01 AM

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One of the arguments for punitive damages (damages paid to the plaintiff in excess of actual damages)

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Answer Punitive damages also known as exemplary damages are awarded to a plaintiff in a lawsuit not to compensate for actual losses suffered but rathe...View the full answer

Environmental Economics

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