This report reviews various alternatives to relying exclusively on traditional civil litigation to assign responsibility for the human causes of a catastrophe and to determine the types of losses that a designated responsible party must reimburse.
Man-made and natural disasters in the United States can cause personal injury and property damage to dozens, and sometimes even thousands, of people. Sometimes victim compensation programs are created afterwards. Program designers must consider fairness to victims, timely compensation, and low transaction costs.
Explores the issue of how victim compensation funds (VCFs) impact a victim's likelihood to sue using the tort system. VCFs have become a feature of the policy landscape following high-profile tragedies.
When tragedy strikes, Kenneth Feinberg is often the person companies and governments turn to for help to determine appropriate monetary compensation. At RAND's Politics Aside event last week, he shared some of his thoughts on what goes into making those decisions, and why it's so important to meet with victims.
To understand how the losses created by 9/11 differ from those following natural disasters and other catastrophic events, researchers examined the benefits going to those who were killed or seriously injured in the 9/11 attacks and benefits to individuals and businesses in New York City that suffered losses from the attack on the World Trade Center.
By Lloyd S. Dixon and Rachel Kaganoff Stern Lloyd Dixon is a senior economist at RAND. Rachel Kaganoff Stern is an associate political scientist at RAND. T he attacks of Sept. 11 prompted an enormous outpouring of financial support from both public and private sources. But this unprecedented response ...