Forensic Economics: Assessing Personal Damages in Civil Litigation - Hardcover

Hardcover

ISBN 10: 1137571098 ISBN 13: 9781137571090

Publisher: Palgrave Macmillan, 2016

Synopsis

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.

About this title

About the Author

Frank D. Tinari is Professor Emeritus of Economics at Seton Hall University, USA, where he taught for 31 years. He is the author of a college economics textbook and dozens of peer-reviewed articles in the Journal of Forensic Economics, Journal of Legal Economics, Journal of Economic Education, Eastern Economic Journal, and others. He founded the Tinari Economics consultancy and has served as Principal Economist of the Sobel Tinari Economics Group. Tinari has written thousands of economic loss appraisals and testified as an expert witness in over 1,000 cases in several states, as well as in dozens of cases before the Special Master of the 911 Victim Compensation Fund. He served on the Board of the National Association of Forensic Economics and was its President from 2005 to 2006.

Contributors

Gary R. Albrecht, Albrecht Economics, USA

Michael L. Brookshire, Marshall University, USA

James E. Ciecka, DePaul University, USA

Joshua Congdon-Hohman, College of the Holy Cross, USA

Stephen M. Horner, Economic Consulting, USA

Thomas R. Ireland, University of Missouri-St. Louis, USA

David D. Jones, Economic Consulting Services, LLC, USA

Kurt V. Krueger, John Ward Economics, USA

Timothy Lanning, Formuzis, Pickersgill & Hunt, Inc., USA

Victor A. Matheson, College of the Holy Cross, USA

James D. Rodgers, Pennsylvania State University, USA

Thomas Roney, Thomas Roney, LLC, USA

David Rosenbaum, University of Nebraska-Lincoln, USA

David Schap, College of the Holy Cross, USA

Gary R. Skoog, Legal Econometrics, Inc.

Frank Slesnick, Bellarmine University, USA

Lawrence M. Spizman, State University of New York at Oswego, USA

John O. Ward, University of Missouri-Kansas City, USA

From the Back Cover

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. Readerswill 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.

Edition details

• Publisher: Palgrave Macmillan
• Publication date: 2016
• Language: English
• ISBN 10: 1137571098
• ISBN 13: 9781137571090
• Binding: Hardcover
• Edition number: 1
• Number of pages: 346
• Editor: Tinari Frank D.