All of the above proposals are realities in Western Europe, and it is suggested that the adoption of such “reforms” would substantially reduce the transaction costs of providing compensation to deserving plaintiffs, improve the efficiency of the tort system, and provide manufacturers and service providers with greater predictability and “fairness” in potential tort damages in the United States.
Ward, J.O. (2009), "Economic damages and tort reform: A comparative analysis of the calculation of economic damages in personal injury and death litigation in the United States and the United Kingdom", Ward, J.O. and Thornton, R.J. (Ed.) Personal Injury and Wrongful Death Damages Calculations: Transatlantic Dialogue (Contemporary Studies in Economic and Financial Analysis, Vol. 91), Emerald Group Publishing Limited, Bingley, pp. 35-71. https://doi.org/10.1108/S1569-3759(2009)0000091006
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