caa a22 4500 445829710 CHVBK 20180317145310.0 cr unu---uuuuu 170323e20111001xx s 000 0 eng 10.1007/s10657-011-9241-z doi (NATIONALLICENCE)springer-10.1007/s10657-011-9241-z Incentive effects of class actions and punitive damages under alternative procedural regimes [Elektronische Daten] [Marta Cenini, Barbara Luppi, Francesco Parisi] In an economic perspective, punitive damages and class actions can be viewed as sharing a common economic function—creating optimal deterrence. Building on Parisi and Cenini (Class actions for Europe: perspectives from law and economics, ELGAR, 2010), we study the effect of alternative procedural regimes on the effectiveness of punitive damages and class actions. Specifically, we compare the workings of punitive damages and class actions in the American and English ("loser-pays”) regimes. Our findings help explain the limited use and late adoption of class actions and punitive damages in Europe. Springer Science+Business Media, LLC, 2011 Punitive damages nationallicence Class actions nationallicence Loser-Pays rule nationallicence Incentives nationallicence Cenini Marta Faculty of Law, University of Milan, Milan, Italy aut Luppi Barbara Faculty of Economics, University of Modena and Reggio Emilia, Emilia-Romagna, Italy aut Parisi Francesco Law School, University of Minnesota, Minneapolis, MN, USA aut European Journal of Law and Economics Springer US; http://www.springer-ny.com 32/2(2011-10-01), 229-240 0929-1261 32:2<229 2011 32 10657 https://doi.org/10.1007/s10657-011-9241-z text/html Onlinezugriff via DOI 1 research-article jats NATIONALLICENCE 856 40 https://doi.org/10.1007/s10657-011-9241-z text/html Onlinezugriff via DOI NATIONALLICENCE 700 1- Cenini Marta Faculty of Law, University of Milan, Milan, Italy aut NATIONALLICENCE 700 1- Luppi Barbara Faculty of Economics, University of Modena and Reggio Emilia, Emilia-Romagna, Italy aut NATIONALLICENCE 700 1- Parisi Francesco Law School, University of Minnesota, Minneapolis, MN, USA aut NATIONALLICENCE 773 0- European Journal of Law and Economics Springer US; http://www.springer-ny.com 32/2(2011-10-01), 229-240 0929-1261 32:2<229 2011 32 10657 Metadata rights reserved Springer special CC-BY-NC licence nationallicence BK010053 XK010053 XK010000 NATIONALLICENCE NATIONALLICENCE NL-springer