Economic Benefits of Tort Reform: An assessment of excessive US tort costs and potential economic benefits of reform
Report Published on February 01, 2022The civil justice system is a crucial institutional framework in America. When working properly, the system provides a fair and equitable forum for the resolution of disputes among parties, appropriately compensating those that have legitimately been harmed. Additionally, it acts as an effective deterrent to undesirable behavior. As part of this framework, tort litigation can be highly beneficial to society in terms of promoting equal and impartial justice as well as establishing part of the critical context in which economic activity can prosper.
- Tags:
- damages,
- justice system,
- litigation,
- tort,
- tort reform
The High Cost to Texas of Census 2020 Undercounts
Report Published on November 16, 2021Accurate Census counts are far more than just a matter of interest. They are important to ensuring adequate federal funding for various programs and appropriate representation in Congress. In addition, the Census is crucial to understanding population and demographic trends in order to plan for the future.
- Tags:
- Census,
- demographics,
- population,
- Texas
An Assessment of the Impact of Covered Business Methods Proceedings before the Patent Trial and Appeal Board on the US Economy
Report Published on September 16, 2020The Leahy-Smith America Invents Act (AIA) and the Patent Trial and Appeal Board (PTAB) are crucial aspects of the US system of intellectual property protection. The AIA and PTAB reduce the need for patent litigation, reducing costs and generating substantial economic benefits. One type of patent which has been protected involves covered business methods (CBM). CBM patents deal with methods or corresponding apparatus for performing data processing or other operations used in the practice, administration, or management of a financial product or service. (Technological inventions are excluded from CBM.)
Keeping it Together: Preserving the Permian Basin Energy Sector and the Odessa Economy through the COVID‑19 and Related Oil Market Challenges
Report Published on May 15, 2020The Permian Basin is among the most important oil-producing regions in the world. Drilling and production and the necessary supporting industries generate business activity not only in the region, but across the state and the nation. In order to be in a position to fully take advantage of future opportunities, it is imperative that the underlying capabilities remain in place - the workforce, the infrastructure, the supply chain, the equipment, and the community support systems. Given the current situation, maintaining this viability requires immediate action from governments at all levels and the private sector.
- Tags:
- coronavirus,
- COVID-19,
- energy,
- oil,
- Permian Basin
The Importance of an Accurate Census Count in Texas: Economic Consequences of a Significant Undercount
Report Published on March 17, 2020Accurate Census counts are far more than just a matter of interest. They are important to ensuring adequate federal funding for various programs, appropriate representation in Congress, and an understanding of demographic trends in order to plan for the future.
- Tags:
- Census,
- demographics,
- population
Priority Midland by the Numbers: An overview presentation
Report Published on August 08, 2019Midland stands at the epicenter of an economic phenomenon of global importance which has created an enormous opportunity for the area. With proactive efforts, Midland can prepare for the challenges ahead and ensure the opportunities associated with oil and gas and related activity benefit the full community.
The Economic Cost of Proposed 5% Tariffs on Imports from Mexico
Report Published on June 03, 2019President Trump has stated that he will impose a 5% tariff on all goods from Mexico on June 10 if Mexico does not take action to slow the volume of immigrants at the US border. The Perryman Group, an economic analysis firm based in Texas, analyzed the economic implications of such a tariff and found that it would likely cost hundreds of thousands of US jobs if enacted and maintained.
The Economic Benefits of Texas Nonprofit Entities
Report Published on January 29, 2019Nonprofit establishments improve lives, communities, and society as a whole. These entities offer a variety of services and include hospitals and other health care providers, schools and universities, art museums, and many other types of operations. Not only do these organizations provide important services that enhance quality of life and societal wellbeing; they also generate substantial economic benefits through their operations and the associated multiple rounds of activity through the economy.
- Tags:
- healthcare,
- museum,
- nonprofit,
- philanthropy,
- school
Suffer the Little Children: An Assessment of the Economic Cost of Child Maltreatment
Report Published on November 13, 2014In addition to the very real and often lifelong effects on the individuals involved, child maltreatment also imposes substantial economic costs which can be quantified in a comprehensive manner. When properly measured, child maltreatment drains literally trillions of dollars in long-term business activity.
- Tags:
- abuse,
- child,
- child abuse,
- child maltreatment,
- child protection,
- children
Costs, Consequences, and Cures: An Assessment of the Impact of Severe Mental Health and Substance Abuse Disorders on Business Activity in Texas and the Anticipated Economic and Fiscal Return on Investment in Expanded Mental Health Services
Report Published on May 01, 2009Mental health and substance abuse disorders are pressing challenges across the nation. While these problems can clearly take an enormous toll on individuals, they also involve sizable costs for society as a whole. For those without private insurance, problems can be particularly acute. Given funding challenges, dealing with these issues increasingly requires innovative approaches to maximize the return on investment in services. Even beyond the quality of life and other human costs, mental health disorders can be expensive in terms of treatment. With inadequate treatment, overall costs, such as comorbidities, loss of wages and productivity, incarceration, homelessness, and mortality, can notably escalate.
- Tags:
- abuse,
- disorder,
- mental health,
- substance