UK Campus
Nottingham University Business School
   
   

Professor Paul Fenn

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BA (Lancaster) (1973), BPhil (York) (1974)
Aviva Chair of Insurance Studies
E-mail: Paul.Fenn@nottingham.ac.uk
Tel: +44 (0) 115 9515254
Location: C4 (North Building, Jubilee Campus)


Welcome to my Nottingham University Business School web pages. Please select from the menu for more information on my research and teaching activities.

Research Interests
Economics of the legal services market; Economics of personal injury litigation; Economics of health and liability insurance; Reserving, claims management and underwriting behaviour by insurers; Medical negligence; Modelling the cost-effectiveness of health care interventions; Stochastic frontier, count data and duration models; Economics of workplace health and safety

Administrative Roles
Deputy Division Head (Risk, Insurance and Banking)
The following lists my publications from 1996 to the present day.

Journal Articles

Fenn, P.; Gray, A.; Rickman, N.; Vencappa, D.; Rivero, O.(2013)., "The impact of risk management standards on patient safety: the determinants of MRSA infections in acute NHS hospitals, 2001-2008", Oxford Bulletin of Economics and Statistics, Vol.75 (3), pp340-361.

Fenn, P.; Rickman, N.(2013)., "Information and the disposition of medical malpractice claims: A competing risks analysis", Journal of Law, Economics and Organization.

Vencappa, D.; Fenn, P.; Diacon, S.(2013)., "Productivity Growth in the European insurance industry: evidence from life and non-life companies", International Journal of the Economic of Business, Vol.20 1, pp. 281-305.

O'Brien, C.; Fenn, P.(2012)., "Mutual life insurers: origins and performance in pre-1900 Britain", Business History, Vol.54 (3), pp. 325-345.

Fenn, P.; Rickman, N.(2011)., "Fixing lawyers' fees ex ante: a case study in policy and empirical legal studies", Journal of Empirical Legal Studies, Vol.8 (3), September.

Fenn, P.; Gray, A.; Rickman, N.; Vencappa, D.; Rivero, O.; Emanuela, L.(2010)., "Enterprise liability, risk pooling and diagnostic care", Journal of Public Administration Research and Theory, Vol.20 (S2), i225-i242.

Fenn, P.; Paton, D.; Vaughan Williams, L.(2009)., "Productivity Growth and Funding of Public Service Broadcasting", Public Choice, Vol.141 (3-4), pp. 335-349.

Fenn, P.; Vencappa, D.; Diacon, S.; O'Brien, C.; Klumpes, P.(2008)., "Market Structure and the Efficiency of European Insurance Companies: A Stochastic Frontier Approach", Journal of Banking and Finance, Vol.32 (1), pp. 86-100.

Fenn, P.; Gray, A.; Rickman, N.(2007)., "Liability, Insurance and Medical Practice", Journal of Health Economics, Vol.26 (5), pp. 1057-1070.

Fenn, P.; Rickman, N.; Gray, A.(2007)., "Standard Fees for Legal Aid: An Empirical Analysis of Incentives and Contracts", Oxford Economic Papers, Vol.59 (4), pp. 662-681.

Vencappa, D.; Fenn, P.; Diacon, S.; Bachis, E.(2007)., "The Internal Market and its Effect on Insurance", Die Volkswirtschaft, Das Magazin fur Wirtschaftspolitik.

Young, R.; Faure, M.; Fenn, P.; Willis, J.(2007)., "Multiple Tortfeasors: An Economic Analysis", Review of Law and Economics, Vol.3 (1), Article 7.

Young, R.; Faure, M.; Fenn, P.(2006)., "Defences in Negligence Implications for Tortfeasor Care", International Review of Law and Economics, Vol.26 (1), pp. 67-87.

Faria, A.; Fenn, P.; Bruce, A.(2005)., "Production Technologies and Technical Efficiency: Evidence from Portuguese Manufacturing Industry", Applied Economics, Vol.37, pp.1037-1046.

Diacon, S.; Fenn, P.; O'Brien, C.(2004)., "Looking at general insurers reserves", General Insurance, Vol.New Year 2004 (100), pp. 48-50.

Fenn, P.; Ashby, S.(2004)., "Workplace Risk, Establishment Size and Union Density", British Journal of Industrial Relations, Vol.42 (3), pp.461-480.

Fenn, P.; Gray, A.; Rickman, N.; Towse, A.(2004)., "Making Amends for Negligence", British Medical Journal, Vol.Feb 2004 (328), pp.417-418.

Fenn, P.; Rickman, N.; Gray, A.(2004)., "The Economics of Clinical Negligence Reform in England", Economic Journal, Vol.114 (496), pp.272-292.

Smith, D.; Fenn, P.; Drummond, M.(2004)., "Cost Effectiveness of Photodynamic Therapy with Verteporfin for Age-Related Macular Degeneration The UK Case", British Journal of Ophthalmology, Vol.88 (9), pp.1107-1112.

Young, R.; Faure, M.; Fenn, P.(2004)., "Causality and Causation in Tort Law", International Review of Law and Economics, Vol.24 (4), pp.507-523.

Faria, A.P.; Fenn, P.; Bruce, A.(2003)., "A Count Data Model of Technology Adoption", Journal of Technology Transfer, Vol.28 (1), pp.63-86.

Faria, A.; Fenn, P.; Bruce, A.(2002)., "Determinants of Adoption of FPTs Evidence from Portuguese Manufacturing Industry", Economics of Innovation and New Technology, Vol.11 (6), pp.569-580.

Fenn, P.(2002)., "The Impact of Conditional Fees on the Outcome of Personal Injury Cases", Insurance Research & Practice, Vol.17 (2), pp.43-48.

Fenn, P.(2002)., "Counting The Cost of Clinical Negligence", British Medical Journal, Vol.325, pp.233-234.

Fenn, P.; Wolstenholme, J.; Gray, A.; Keene, J.; Hope, T.; Jacoby, R.(2002)., "Estimating The Relationship Between Disease Progression and Costs of Care in Dementia", British Journal of Psychiatry, Vol.181 (1), pp.36-42.

Fenn, P.; Bevan, G.; Davis, G.(2001)., "Mediation - can it reduce expenditure", Family Law, Vol.31, pp.186-191.

Fenn, P.; Gray, A.; Rickman, N.(2001)., "Disclosure, Experts and Information in Litigation", Hume Papers in Public Policy, Vol.8(3), pp.11-22.

Fenn, P.; McGuire, A.; Irwin, D.; Gray, A.; Anderson, P.; Lovering, A.; McGowan, A.(2001)., "The Excess Cost of Acute Exacerbations of Chronic Bronchitis in Patients Aged 45 and Older in England and Wales", Value in Health, Vol.4 (5), p.370.

Fenn, P.; Rickman, N.(2001)., "Asymmetric Information and Insurance Claims", Journal of Risk and Insurance, Vol.68 (4), pp.615-630.

Fenn, P.; Rickman, N.(2001)., "Clinical Negligence in the UK - Throwing the Baby Out With The Bath Water?", Economic Affairs, Vol.21 (4), pp.19-23.

Fenn, P.; Wolstenholme, J.; Gray, A.(2001)., "Long Term Care Insurance: Some Evidence on Dependency Costs", Insurance Trends, Vol.29, pp.12-17.

Fenn, P.; Gray, A.; Raikou, M.; McGuire, A.; Stevens, R.; Cull, C.; Stratton, I.; Adler, A.; Holman, R.; Turner, R.(2000)., "Cost Effectiveness of An Intensive Blood Glucose Control Policy in Patients with Type 2 Diabetes: Economic Analysis Alongside Randomised Controlled Trial", British Medical Journal, Vol.320, pp.1373-1378.

Fenn, P.T.; Diacon, S.R.; Gray, A.; Hodges, R.; Rickman, N.(2000)., "The Current Cost of Medical Negligence in NHS Hospitals: Analysis of Claims Database", British Medical Journal, Vol.320:7249, pp.1567-1571.

Hodges, R.; Diacon, S.; Fenn, P.(2000)., "A Matter of Trust", Management Accounting : Magazine for Chartered Management Accountants, Vol.78, 5, pp.29-30.

Fenn, P.; Gray, A.; Rickman, N.(1999)., "The Reform of Legal Aid in England and Wales", Fiscal Studies, Vol.20, 3, pp.261-286.

Fenn, P.; Rickman, N.(1999)., "Delay and Settlement in Litigation", Economic Journal, Vol.109, 457, pp.476-492.

Fenn, P.T.; Faure, M.(1999)., "Retroactive Liability and the Insurability of Long Tail Risks", International Review of Law and Economics.

Fenn, P.T.; Gray, A.(1999)., "Estimating The Long Term Cost Savings From The Treatment of Alzheimer's Disease: A Modelling Approach", Pharmacoeconomics, Vol.16 (9), pp.165-74.

Gray, A.; Rickman, N.; Fenn, P.(1999)., "Professional Autonomy and The Cost of Legal Aid", Oxford Economic Papers, Vol.51 (1999), pp.545-558.

Salzberger, E.; Fenn, P.(1999)., "Judicial Independence: Some Evidence From The English Court of Appeal", Journal of Law and Economics, Vol.42 (2), pp.831-847.

Cousy, H.; Fenn, P.T.; Van den Burgh, R.(1998)., "Introduction: Issues in Law and Economics", The Geneva Papers in Risk and Insurance, Vol.87, pp.147-152.

Fenn, P.T.; Briggs, A.(1998)., "Confidence Intervals or Surfaces? Uncertainty on The Cost Effectiveness Plane", Health Economics.

Fenn, P.T.; Gray, A.(1998)., "A Cost-Effectiveness Analysis of Improved Blood Pressure Control in Hypertensive Type 2 Diabetic Patients (UKPDS 59)", British Medical Journal.

Fenn, P.T.; Rickman, N.(1998)., "Insuring Litigation Risk: Some Recent Developments in England and Wales", The Geneva Papers in Risk and Insurance, Vol.87, pp.210-224.

Raikou, M.; Gray, A.; Briggs, A.; Stevens, R.; Cull, C.; McGuire, A.; Raikou, M.; Gray, A.; Briggs, A.; Stevens, R.; Cull, C.; McGuire, A.; Fenn, P.; Stratton, I.; Holman, R.; Turner, R.(1998)., "Cost Effectiveness Analysis of Improved Blood Pressure Control in Hypertensive Patients with Type 2 Diabetes", British Medical Journal, Vol.317, pp.720-726.

Briggs, A.; Fenn, P.T.(1997)., "Trying to do Better Than Average: Statistical Inference for Cost-effectiveness Ratios", Health Economics, Vol.6(5), pp.491-97.

Csaba, I.; Fenn, P.(1997)., "Contractual Choice in the Managed Health Care Market: An Empirical Analysis", Journal of Health Economics, Vol.16, pp.579-588.

Fenn, P.; Levine, K.; Diacon, S.(1997)., "Insurance Consultation, Human Genetics Advisory Commission".

Fenn, P.T.(1997)., "Introduction", Risk Decision and Policy, Vol.Special Issue on Insurance.

Fenn, P.T.; Gray, A.; Weinberg, J.; Miller, E.; McGuire, A.(1997)., "An Economic Evaluation of Varicella Vaccination for Health Care Workers", Epidemiology and Infection.

Fenn, P.T.; Gray, A.; McGuire, A.(1996)., "An Economic Evaluation of Universal Vaccination Against Hepatitis B Virus", Journal of Infection, Vol.32, pp.197-204.

Fenn, P.T.; McGuire, A.; Phillips, V.; Jones, D.; Backhouse, M.(1996)., "Modelling Programme Costs in Economic Evaluation", Journal of Health Economics, Vol.15 (1), pp.115-124.



Books

Towse, A.; Fenn, P.; Grey, A.; Rickman, N.; Salinas, R.(2003), Reducing Harm to Patients in the National Health Service: Will the Government's Compensation Proposals Help?, London, Office of Health Economics.

Fenn, P.T.; Diacon, S.R.; Hodges, R.; Watson, P.(2000), Accounting for Risk in the NHS, CIMA.



Chapters in Books

Fenn, P.; Rickman, N.(2010)., "The Empirical Analysis of Litigation Funding", in Tuil, M and Visscher L (ed) New Trends in Financing Civil Litigation in Europe, Edward Elgar Publishing Limited.

Fenn, P.; Rickman, N.(2010)., "Personal Injury Litigation", in Cane, P.; Kritzer, H. (ed) The Oxford Handbook of Empirical Legal Studies, Oxford, Oxford University Press.

Fenn, P.(2008)., "No Win No Fee Arrangements", in Cane, P.; Conaghan, J. (ed) New Oxford Companion to Law.

Fenn, P.; Rickman, N.; Vencappa, D.(2008)., "The Impact of Civil Procedure Reforms on Costs and Delay", in Faure, M; Stephen, F. (ed) Essays in the Law and Economics of Regulation-in Honour of Anthony Ogus, Intersentia.

Fenn, P.; Vencappa, D.; Diacon, S.; Bachis, E.(2007)., "The Internal Market for Insurance and its Effects on Productivity", in Aymo, B.; Sven, M. (ed) Services Liberalisation in Europe: Case Studies, (2), pp. 75-116, Swiss Secretariat for Economic Affairs.

Klumpes, P.; Diacon, S.; Fenn, P.; O'Brien, C.; Yildirim, C.(2007)., "European Insurance Markets: Recent Tends and Future Regulatory Developments", in Vernard, B.; Cummins, D. (ed) Handbook of International Insurance: Between Global Dynamics and Local Contingencies, Springer.

Fenn, P.T.; Rickman, N.(1998)., "Economic Evaluation and The Supply Price of Pharmaceuticals" G Duru, S Haddad (ed).

Diacon, S.R.; Fenn, P.T.; Levine, K.(1997)., "Insurance Consultation", in The Implications of Genetic Testing for Insurance.

Fenn, P.T.(1997)., "Occupational Health and Safety Regulation", in The New Palgrave Dictionary of Economics and The Law.

Fenn, P.T.; Diacon, S.R.(1997)., "Disability and Insurance", in Ethics and Health Insurance.

Fenn, P.T.; Hodges, R.(1997)., "Long-Tail Liabilities and Claims Management in the NHS", in Risk Management and Law, pp.241-254.

Fenn, P.T.; Rickman, N.(1997)., "Four Offers and A Trial", in The Social Context of Law: Essays in Honour of Donald Harris.

Fenn, P.T.; Csaba, I.(1996)., "Long Term Contracts in The Market for Health Care", in Perspectives on Contract Law.

Fenn, P.T.; McGuire, A.(1996)., "The Economist's Approach to The Measurement of Health Outcomes", in Health Outcomes: Biological, Social and Economic Perspectives.

Gray, A.; Fenn, P.T.; Rickman, N.(1996)., "Controlling Lawyers' Costs Through Standard Fees: An Economic Analysis", in Access to Criminal Justice: Legal Aid, Lawyers and the Defence of Liberty.



Conferences

Fenn, P.; Vencappa, D.; Diacon, S.; O'Brien, C.; Klumpes, P., 2006, "Market Structure and the Efficiency of European Insurance Companies: A Stochastic Frontier Analysis", in the proceedings of the Dynamics of Insurance Markets: Structure, Conduct and Performance in the 21st Century Conference, Wharton School, University of Pennsylvania, Philadelphia, U.S..

Clarke, P.; Grey, A.; Briggs, A.; Farmer, A.; Fenn, P.; Stevens, R.; Matthews, D.; Stratton, I.; Holman, R., 2003, "A Model to Estimate the Lifetime Health Outcomes of Patients with Type 2 Diabetes: The United Kingdom Prospective Diabetes Study (UKPDS) Outcomes Model", at International Microsimulation Conference on Population Ageing and Health, Canberra, December 2003.

Diacon, S.; Fenn, P.; O'Brien, C., 2003, "How Accurate are the Disclosed Provisions of UK General Insurers?", at 25th UK Insurance Economists' Conference, March 2003.

Young, R.; Faure, M.; Fenn, P., 2003, "Acts and Omissions: Causality and Causation in Tort Law", at Annual Conference of the European Association of Law and Economics, Nancy, September 2003.

Fenn, P.; Rickman, N.; Gray, A.; Young, R., 2002, "Deterrence and Liability for Medical Negligence: Theory and Evidence", at Annual Conference of the European Association of Law and Economics, Athens, September 2002.



Discussion Papers

Bachis, E.; Diacon, S.; Fenn, P., 2007, "Measuring competition in the UK motor insurance markets", Centre for Risk and Insurance Studies Discussion Paper.

Vencappa, D.; Adams, M.; Diacon, S.; Fenn, P., 2006, "Underwriting Cycles and the Role of Internal and External Capital", School of Business and Economics Working Paper, University of Swansea.

Vencappa, D.; Fenn, P., 2005, "Cycles in Underwriting Profits: Evidence from UK Motor Insurance, 1985-2002", CRIS Discussion Paper.

Fernandez-Young, A.; Fenn, P.; Diacon, S., 2004, "Risk Aversion and its Homogeneity in the Population", Centre for Risk and Insurance Studies Discussion Paper.

Diacon, S.; Fenn, P.; O'Sullivan, N., 2002, "Highballing and Lowballing in Audit Pricing: The Impact of Audit Error", Centre for Risk and Insurance Studies Discussion Paper no. 2002/II.

Ashby, S.; Fenn, P., 2001, "Workplace Risk, Establishment Size and Union Density: New Evidence", Centre for Risk and Insurance Studies Discussion Paper no. 2001.I.

Fenn, P.; Rickman, N., 2001, "Asymmetric Information and the Settlement of Insurance Claims", Centre for Risk and Insurance Studies Discussion Paper no. 2001.II.



Reports for external body

Fenn, P., 2003, "Costs of Low Value Employers' Liability Claims", in Report for the Department of Constitutional Affairs.

Fenn, P., 2003, "Costs of Low Value RTA Claims 1997 - 2002", in Report for the Civil Justice Council.

Fenn, P., 2003, "Calculating "Reasonable" Success Fees for RTA Claims", in Report for the Civil Justice Council.

Fenn, P., 2003, "Costs of Low Value Employers' Liability Claims 1997 - 2002", in Report for the Civil Justice Council.

I am currently supervising the following Research Students:

Malcolm Stewart
Natalie Moore
I am module convenor of the following modules:


Undergraduate

Risk, Information & Insurance

Nottingham University Business School

Jubilee Campus
Nottingham
NG8 1BB

telephone: +44 (0) 115 84 66602
fax: +44 (0) 115 84 66667
email: business-enquiries@nottingham.ac.uk