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Forensic Economics - Assessing Personal Damages in Civil Litigation (Hardcover, 1st ed. 2016)
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Forensic Economics - Assessing Personal Damages in Civil Litigation (Hardcover, 1st ed. 2016)
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This edited collection addresses the major issues encountered in
the calculation of economic damages to individuals in civil
litigation. In federal and state courts in the United States, as
well as in other nations, when one party sues another, the suing
party is required not only to prove that the harm was, indeed,
caused by the other party, but also to claim and demonstrate that a
specified dollar value represents just compensation for the harm.
Forensic economists are often called upon to evaluate, measure, and
opine on the degree of economic loss that is alleged to have
occurred. Aimed at both practitioners and theorists, the original
articles and essays in the edited collection are written by
nationally recognized and widely published forensic experts. Its
strength is in showcasing theories, methods, and measurements as
they differ in a variety of cases, and in its review of the
forensic economics literature developed over the past thirty years.
Readers will find informative discussions of topics such as
establishing earnings capacity for both adults and infants,
worklife probability, personal consumption deductions, taxation as
treated in federal and state courts, valuing fringe benefits,
discounting theory and practice, the effects of the Affordable Care
Act, the valuation of personal services, wrongful discharge,
hedonics, effective communication by the expert witness, and
ethical issues. The volume also covers surveys of the views of
practicing forensic economists, the connection between law and
forensic economics, alternatives to litigation in the form of
VCF-like schedules, and key differences among nations in measuring
economic damages.
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