Expert Economic Testimony
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Expert Economic Testimony—References Guides for Judges and Attorneys
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A guide for lawyers, judges and valuation professionals in determining economic losses in a number of settings.
The field of forensic economics is a rapidly changing sub-discipline in economics, perhaps best reflected by the increasingly common inclusion of economists as expert witnesses in courtroom settings. You will learn to process and understand expert evidence from the discipline of economics.
This book provides a detailed examination of the art and ....
science of economics, including expert testimony. You will gain a solid understanding of how economists apply the tools and methodologies of their discipline in these common areas of litigation.
The four areas of litigation covered are: personal injury, wrongful death & survival actions; commercial litigation; valuing closely held businesses; and employment discrimination cases.
Topics covered: - Analysis of income/payroll taxes and work expenses
- Analysis of lost earnings/financial support
- Analysis of personal consumption and maintenance
- Causality and related issues in commercial damages litigation
- Economic framework for lost profits estimation
- Elements of economic loss in personal injuries
- Factors determining the scope of expert testimony
- Hedonic damages
- Identifying and quantifying employment discrimination
- Loss valuation for a personal injury
- Loss valuation in wrongful death and survival actions
- Necessitated medical and life care costs
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Reviews
Review The Journal of Economics - July 13, 1998
In all, Guides should be useful to its intended audience of judges and lawyers. The modules are expert, well written, and fairly review the various issues involved in these types of case. This publication should also be useful to even the most experienced forensic economist.
Reviews
Review By: L. Burke, Files, Financial Examinations & Evaluations, Inc. - May 13, 2003
The book is clearly written and thoughtfully presented. It contains pertinent information for those practitioners who litigate cases that involve more than a simple contract receivable and for those business people who have or could face losses. It is also an important read for any risk manager or insurance executive with claims responsibility.
Reviews
Review Journal of Forensic Economics - May 13, 2003
Overall, this volume is a very useful reference for judges, attorneys, and practitioners. The authors present essential concepts clearly and succinctly; and, where there is controversy among forensic economists, the authors successfully present divergent points of views in an unbiased manner.
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