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BL
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| Record Number
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663061
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| Doc. No
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dltt
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| Title & Author
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Forensic economics : : assessing personal damages in civil litigation
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| Page. NO
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1 online resource
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| ISBN
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9781137563927
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: 1137563923
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1137571098
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9781137571090
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| Contents
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Preface; Contents; Notes on Contributors ; List of Tables ; Chapter 1: An Introduction to€the€Field of€Forensic Economics; Notes; References; Chapter 2: The Meaning of€Earning Capacity; 2.1 Introduction; 2.2 Definitions; 2.3 Supply and€Demand; 2.3.1 The Supply Side; 2.3.2 The Role of€Preferences; 2.3.3 The Demand Side; 2.4 Principles of€Measuring Impairment to€Earning Capacity; 2.5 Summary; Notes; References; Cases Cited; Chapter 3: Evolution of€Worklife Expectancy Measurement; 3.1 Introduction; 3.2 Historical Development of€Worklife Expectancy
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Chapter 6: Incorporating Fringe Benefits in€Loss Calculations6.1 Introduction; 6.2 Why Do Firms Offer Voluntary Fringe Benefits to€Employees?; 6.3 Types and€Cost of€Employer-Provided Fringe Benefits; 6.4 Information Needed to€Value Employer-aa̛UProvided Fringe Benefits; 6.5 Valuing Fringe Benefits; 6.6 Valuing Fringe Benefits When There Is Limited Information; 6.7 Valuing Fringe Benefits When an€Employed Person Is Injured; 6.8 Valuing Fringe Benefits When an€Employed Person Is Killed; 6.9 Conclusion; Notes; References; Chapter 7: Federal and€State Income Tax Aspects in€Forensic Economics
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4.4 Consumption-Based Estimates of€Wrongful Death Damages4.5 Conclusion; Notes; References; Chapter 5: Estimating Educational Attainment and€Earning Capacity of€a€Minor Child; 5.1 Introduction; 5.2 Educational Attainment Model History; 5.3 The Educational Attainment Model; 5.4 Using the€Educational Attainment Model; 5.4.1 Age-Earnings Base Year Profiles; 5.4.2 Worklife Expectancy; 5.4.2.1 Earnings Estimates; 5.4.2.2 Education Probability; 5.5 Self-Consumption in€Personal Injury with€a€Life Care Plan; 5.6 Conclusion; Notes; References
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3.7 Temporal Comparison of€WLE Estimates3.8 Disability; 3.9 Future Research; Notes; References; Chapter 4: Personal Consumption and€Wrongful Death Damages; 4.1 Introduction; 4.2 Normative Decision-Making About Wrongful Death Damages; 4.3 Income-Related Damages; 4.3.1 Wealth Effects; 4.3.2 Income Effects; 4.3.3 Defining Personal Consumption Expenditures; 4.3.4 Allocating Personal Consumption; 4.3.5 Other Personal Consumption Measurement Issues; 4.3.6 Contingent Wrongful Death Damages; 4.3.7 Estimates From€the€Consumer Expenditure Survey
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3.3 Current (Markov) Model and€Conventional Models3.3.1 Specification; 3.3.2 Sample Paths; 3.3.3 Computation of€WLE by Forward Recursion and€Decomposition; 3.3.4 Demographic Exposition of€WLE; 3.3.5 Backward Recursion and€Probability Mass Functions; 3.3.6 Bootstrap and€Standard Errors; 3.4 Specific Populations: Multiple Decrements and/or Unique Transition Probabilities; 3.5 Variants; 3.5.1 Lower Order (LPE); 3.5.2 Higher Order; 3.5.3 Other Variants: Logit Instead of€Relative Frequency Estimates; 3.5.4 Other Variants: More or Different States; 3.6 Front-Loading and€Uniform Loading
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| Abstract
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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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| Subject
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Damages-- United States.
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| Subject
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Forensic economics-- United States.
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Insurance.
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Criminal law.
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Economics-- Psychological aspects.
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Macroeconomics.
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| Subject
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Finance, Public.
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| Dewey Classification
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330
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| LC Classification
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KF1250.F67 2016
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| Added Entry
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Ohio Library and Information Network.
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