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 this 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.--Back cover.
Bibliography, etc. Note
Includes bibliographical references and index.
Formatted Contents Note
An introduction to the field of forensic economics / Frank D. Tinari The meaning of earning capacity / Stephen Horner and Frank Slesnick Evolution of worklife expectancy measurement / Gary R. Skoog and James E. Ciecka Personal consumption and wrongful death damages / Kurt V. Krueger and Gary R. Albrecht Estimating educational attainment and earning capacity of a minor child / Lawrence M. Spizman Incorporating fringe benefits in loss calculations / James D. Rodgers Federal and state income tax aspects in forensic economics / David Schap Issues in applying discount rates / David D. Jones Potential effects of the Affordable Care Act on loss calculations / Joshua Congdon-Hohman and Victor A. Matheson Challenges in valuing loss of services / Frank D. Tinari Issues in employment litigation analysis / Thomas Roney and Timothy Lanning Differences among state court jurisdictions in damages calculations / David I. Rosenbaum and David Schap Forensic economists and their changing viewpoints over time / Michael L. Brookshire and Frank L. Slesnick Hedonic valuation issues / Gary R. Skoog Ethical dimensions of forensic economics / Frank D. Tinari Understanding law as a part of forensic economic practice / Thomas R. Ireland Effective communications as a forensic economist / Frank D. Tinari Reflections on the 9/11 Victim Compensation Fund / Frank D. Tinari and John O. Ward Differences among nations in measuring economic damages / John O. Ward.
KF1250 .F67 2016
New York, NY : Palgrave Macmillan,