Valuing Economic Damages in PIWDA
: A Reference Guide
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Valuing Economic Damages in Personal Injury and Wrongful Death Actions: A Reference Guide: A Reference Guide
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When someone is wrongfully injured or killed, how does one calculate the damages that are owed by the offender? This latest work gives you everything you need to know when you are handling a case focused on damages. The issue of damages becomes complicated based on the person’s employment status, age, and residual employment skills after the injury. You will learn about the different types of economic loss such as earnings, fringe benefits, and household services. In addition to expert economists, ....
one must also consult other experts, such as vocational experts. Dr. Ireland explains the roles of these experts so that you understand exactly how they can help you with your case. On this CD, you will also learn about the many considerations that expert economists have when trying to calculate a person’s damages.
TOPICS INCLUDE - Elements of economic loss in personal injuries
- Analysis of income/payroll taxes and work expenses
- Analysis of loss of household (nonmarket) production capacity
- Necessitated medical and "life care" costs
- Analysis of job-related fringe benefits/financial support
- Analysis of sersonal consumption and maintenance
- "Willingness-to-pay" studies and the derivation of hedonic damages
- Forms of hedonic damage testimony in litigation
- Personal injury uses of hedonic damage testimony
- Conceptual criticisms of hedonic damages
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