Overview
- Showcases theories, methods, and measurements used in a wide variety of civil litigation cases
- Demonstrates how forensic economics can be applied ethically and professionally
- Explains how forensic economists evaluate the dollar amount proposed for just compensation of economic loss
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About this book
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.
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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Keywords
Table of contents (19 chapters)
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Front Matter
Editors and Affiliations
About the editor
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, USAJames 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
Contributors
Gary R. Albrecht, Albrecht Economics, USA
Michael L. Brookshire, Marshall University, USAJames 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
Bibliographic Information
Book Title: Forensic Economics
Book Subtitle: Assessing Personal Damages in Civil Litigation
Editors: Frank D. Tinari
DOI: https://doi.org/10.1057/978-1-137-56392-7
Publisher: Palgrave Macmillan New York
eBook Packages: Economics and Finance, Economics and Finance (R0)
Copyright Information: The Editor(s) (if applicable) and The Author(s) 2016
Hardcover ISBN: 978-1-137-57109-0Published: 07 December 2016
Softcover ISBN: 978-1-349-72038-5Published: 31 January 2019
eBook ISBN: 978-1-137-56392-7Published: 01 December 2016
Edition Number: 1
Number of Pages: XIX, 327
Topics: Economic Theory/Quantitative Economics/Mathematical Methods, Public Economics, Behavioral/Experimental Economics, Criminal Law and Criminal Procedure Law, Insurance, Macroeconomics/Monetary Economics//Financial Economics