The Flawed Hedonic Damages Measure of Compensation for Wrongful Death and Personal Injury

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Publisher :
ISBN 13 :
Total Pages : 0 pages
Book Rating : 4.:/5 (137 download)

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Book Synopsis The Flawed Hedonic Damages Measure of Compensation for Wrongful Death and Personal Injury by : W. Kip Viscusi

Download or read book The Flawed Hedonic Damages Measure of Compensation for Wrongful Death and Personal Injury written by W. Kip Viscusi and published by . This book was released on 2012 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: The payment of hedonic damages based on the value of statistical life will lead to excessive insurance and excessive deterrence in personal injury cases. The value of statistical life can play a constructive role in assessing negligence and liability. The recent proposal that wrongful death victims be awarded hedonic damages in addition to the standard economic damages and noneconomic damages amounts to compensate for the harm to survivors will produce rampant double counting and will transform wrongful death awards in a very inefficient and undesirable manner. Recent attempts to set compensation levels by chaining the value of statistical life with measures of happiness and disability reflect a fundamental misunderstanding of the value of statistical life literature.

Personal Injury and Wrongful Death Damages Calculations

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Publisher : Emerald Group Publishing
ISBN 13 : 184855303X
Total Pages : 334 pages
Book Rating : 4.8/5 (485 download)

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Book Synopsis Personal Injury and Wrongful Death Damages Calculations by : John O. Ward

Download or read book Personal Injury and Wrongful Death Damages Calculations written by John O. Ward and published by Emerald Group Publishing. This book was released on 2009-10-22 with total page 334 pages. Available in PDF, EPUB and Kindle. Book excerpt: Focuses on litigation damages, economic and non-economic, including punitive damages; their definitions, calculations, and assignments in the US and EU. This book examines areas of convergence and divergence in the academic and practical treatment of damages issues in the US and EU.

Hedonic Damages

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Publisher : MICHIE
ISBN 13 :
Total Pages : 504 pages
Book Rating : 4.F/5 ( download)

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Book Synopsis Hedonic Damages by : Richard A. Palfin

Download or read book Hedonic Damages written by Richard A. Palfin and published by MICHIE. This book was released on 1990 with total page 504 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Economic/hedonic Damages

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Publisher :
ISBN 13 :
Total Pages : 368 pages
Book Rating : 4.:/5 (319 download)

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Book Synopsis Economic/hedonic Damages by : Michael L. Brookshire

Download or read book Economic/hedonic Damages written by Michael L. Brookshire and published by . This book was released on 1990 with total page 368 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Policy Challenges of the Heterogeneity of the Value of Statistical Life

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Publisher : Now Publishers Inc
ISBN 13 : 1601984766
Total Pages : 89 pages
Book Rating : 4.6/5 (19 download)

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Book Synopsis Policy Challenges of the Heterogeneity of the Value of Statistical Life by : W. Kip Viscusi

Download or read book Policy Challenges of the Heterogeneity of the Value of Statistical Life written by W. Kip Viscusi and published by Now Publishers Inc. This book was released on 2011 with total page 89 pages. Available in PDF, EPUB and Kindle. Book excerpt: Policy Challenges of the Heterogeneity of the Value of Statistical Life focuses on the variation in VSL both across different studies in the academic literature and in different policy contexts. These differences often reflect quite legitimate heterogeneity in the valuation of risk. This review of the academic literature is coupled with an examination of the policy arena's use of the VSL methodology. Government agencies adopted the VSL approach to valuing risk regulations almost three decades ago. As government agencies continue to refine their benefit assessment procedure, the potential role of heterogeneity of VSL has moved to the forefront of these debates. Sections II through IV review various analytical underpinnings of the VSL methodology, particularly focusing on labor market estimates. Subsequent sections consider different sources of heterogeneity, how these sources should influence benefit assessments, and how they have been used in actual policy contexts.

Dog Economics

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Publisher : Cambridge University Press
ISBN 13 : 1009445553
Total Pages : 217 pages
Book Rating : 4.0/5 (94 download)

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Book Synopsis Dog Economics by : David L. Weimer

Download or read book Dog Economics written by David L. Weimer and published by Cambridge University Press. This book was released on 2024-02 with total page 217 pages. Available in PDF, EPUB and Kindle. Book excerpt: More than love? Economic perspectives on our varied relationships with dogs as family pets and service providers.

The Politics of Modelling

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Publisher : Oxford University Press
ISBN 13 : 0198872410
Total Pages : 273 pages
Book Rating : 4.1/5 (988 download)

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Book Synopsis The Politics of Modelling by : Monica Di Fiore

Download or read book The Politics of Modelling written by Monica Di Fiore and published by Oxford University Press. This book was released on 2023-08-25 with total page 273 pages. Available in PDF, EPUB and Kindle. Book excerpt: Chapter 2, 'Pay no attention to the model behind the curtain', Chapter 4, 'Mind the hubris: Complexity can misfire', and Chapter 8, ' Sensitivity auditing: A practical checklist for auditing decision-relevant models' are published open access and free to read or download from Oxford Academic The widespread use of mathematical models for policy-making and its social and political impact are at the core of this book. While the discussion of mathematical modelling generally centres around technical features, use, and type of model, the literature is increasingly acknowledging that the social nature of modelling, its biases and responsibilities, are equally worth investigating. This book tackles these emerging questions by adopting a multidisciplinary approach to investigate how current modelling practices address contemporary challenges, and fills a gap in the field, which has historically focused on statistical and algorithmic modes of producing numbers. Thanks to its multidisciplinary appeal, this book will be essential reading for modellers, public officials, policymakers, and scholars alike.

Reference Manual on Scientific Evidence

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Publisher :
ISBN 13 :
Total Pages : 652 pages
Book Rating : 4.:/5 (327 download)

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Book Synopsis Reference Manual on Scientific Evidence by :

Download or read book Reference Manual on Scientific Evidence written by and published by . This book was released on 1994 with total page 652 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Lincoln, Congress, and Emancipation

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Publisher : Ohio University Press
ISBN 13 : 0821445766
Total Pages : 357 pages
Book Rating : 4.8/5 (214 download)

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Book Synopsis Lincoln, Congress, and Emancipation by : Paul Finkelman

Download or read book Lincoln, Congress, and Emancipation written by Paul Finkelman and published by Ohio University Press. This book was released on 2016-12-15 with total page 357 pages. Available in PDF, EPUB and Kindle. Book excerpt: “When Lincoln took office, in March 1861, the national government had no power to touch slavery in the states where it existed. Lincoln understood this, and said as much in his first inaugural address, noting: ‘I have no purpose, directly or indirectly, to interfere with the institution of slavery in the States where it exists.’” How, then, asks Paul Finkelman in the introduction to Lincoln, Congress, and Emancipation, did Lincoln—who personally hated slavery—lead the nation through the Civil War to January 1865, when Congress passed the constitutional amendment that ended slavery outright? The essays in this book examine the route Lincoln took to achieve emancipation and how it is remembered both in the United States and abroad. The ten contributors—all on the cutting edge of contemporary scholarship on Lincoln and the Civil War—push our understanding of this watershed moment in US history in new directions. They present wide-ranging contributions to Lincoln studies, including a parsing of the sixteenth president’s career in Congress in the 1840s and a brilliant critique of the historical choices made by Steven Spielberg and writer Tony Kushner in the movie Lincoln, about the passage of the Thirteenth Amendment. As a whole, these classroom-ready readings provide fresh and essential perspectives on Lincoln’s deft navigation of constitutional and political circumstances to move emancipation forward. Contributors: L. Diane Barnes, Jenny Bourne, Michael Burlingame, Orville Vernon Burton, Seymour Drescher, Paul Finkelman, Amy S. Greenberg, James Oakes, Beverly Wilson Palmer, Matthew Pinsker

Forensic Economics

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Publisher : Springer
ISBN 13 : 1137563923
Total Pages : 331 pages
Book Rating : 4.1/5 (375 download)

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Book Synopsis Forensic Economics by : Frank D. Tinari

Download or read book Forensic Economics written by Frank D. Tinari and published by Springer. This book was released on 2016-12-01 with total page 331 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.

Compensation for Losses from the 9/11 Attacks

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Publisher : Rand Corporation
ISBN 13 : 9780833036919
Total Pages : 218 pages
Book Rating : 4.0/5 (369 download)

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Book Synopsis Compensation for Losses from the 9/11 Attacks by : Lloyd S. Dixon

Download or read book Compensation for Losses from the 9/11 Attacks written by Lloyd S. Dixon and published by Rand Corporation. This book was released on 2004 with total page 218 pages. Available in PDF, EPUB and Kindle. Book excerpt: The terrorist attacks of September 11, 2001, caused tremendous loss of life, property, and income, and the resulting response from public and private organizations was unprecedented. This monograph examines the benefits received by those who were killed or seriously injured on 9/11 and the benefits provided to individuals and businesses in New York City that suffered losses from the attack on the World Trade Center. The authors examine the performance of the compensation system--insurance, tort, government programs, and charity--in responding to the losses stemming from 9/11.

Pricing Lives

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Publisher : Princeton University Press
ISBN 13 : 069120859X
Total Pages : 289 pages
Book Rating : 4.6/5 (912 download)

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Book Synopsis Pricing Lives by : W. Kip Viscusi

Download or read book Pricing Lives written by W. Kip Viscusi and published by Princeton University Press. This book was released on 2020-10-06 with total page 289 pages. Available in PDF, EPUB and Kindle. Book excerpt: How society’s undervaluing of life puts all of us at risk—and the groundbreaking economic measure that can fix it Like it or not, sometimes we need to put a monetary value on people's lives. In the past, government agencies used the financial "cost of death" to monetize the mortality risks of regulatory policies, but this method vastly undervalued life. Pricing Lives tells the story of how the government came to adopt an altogether different approach--the value of a statistical life, or VSL—and persuasively shows how its more widespread use could create a safer and more equitable society for everyone. In the 1980s, W. Kip Viscusi used the method to demonstrate that the benefits of requiring businesses to label hazardous chemicals immensely outweighed the costs. VSL is the risk-reward trade-off that people make about their health when considering risky job choices. With it, Viscusi calculated how much more money workers would demand to take on hazardous jobs, boosting calculated benefits by an order of magnitude. His current estimate of the value of a statistical life is $10 million. In this book, Viscusi provides a comprehensive look at all aspects of economic and policy efforts to price lives, including controversial topics such as whether older people's lives are worth less and richer people's lives are worth more. He explains why corporations need to abandon the misguided cost-of-death approach, how the courts can profit from increased application of VSL in assessing liability and setting damages, and how other countries consistently undervalue risks to life. Pricing Lives proposes sensible economic guideposts to foster more protective policies and greater levels of safety in the United States and throughout the world.

Handbook of the Economics of Risk and Uncertainty

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Publisher : Newnes
ISBN 13 : 0444536868
Total Pages : 897 pages
Book Rating : 4.4/5 (445 download)

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Book Synopsis Handbook of the Economics of Risk and Uncertainty by : Mark Machina

Download or read book Handbook of the Economics of Risk and Uncertainty written by Mark Machina and published by Newnes. This book was released on 2013-11-14 with total page 897 pages. Available in PDF, EPUB and Kindle. Book excerpt: The need to understand the theories and applications of economic and finance risk has been clear to everyone since the financial crisis, and this collection of original essays proffers broad, high-level explanations of risk and uncertainty. The economics of risk and uncertainty is unlike most branches of economics in spanning from the individual decision-maker to the market (and indeed, social decisions), and ranging from purely theoretical analysis through individual experimentation, empirical analysis, and applied and policy decisions. It also has close and sometimes conflicting relationships with theoretical and applied statistics, and psychology. The aim of this volume is to provide an overview of diverse aspects of this field, ranging from classical and foundational work through current developments. Presents coherent summaries of risk and uncertainty that inform major areas in economics and finance Divides coverage between theoretical, empirical, and experimental findings Makes the economics of risk and uncertainty accessible to scholars in fields outside economics

Measuring Nonuse Damages Using Contingent Valuation

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Publisher : RTI Press
ISBN 13 : 193483100X
Total Pages : 254 pages
Book Rating : 4.9/5 (348 download)

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Book Synopsis Measuring Nonuse Damages Using Contingent Valuation by : William H. Desvousges

Download or read book Measuring Nonuse Damages Using Contingent Valuation written by William H. Desvousges and published by RTI Press. This book was released on 2010-09-28 with total page 254 pages. Available in PDF, EPUB and Kindle. Book excerpt: This second edition of Measuring Nonuse Damages Using Conjoint Valuation is essentially a reprint of a 1992 monograph that has been in steady demand since its original appearance. The RTI Press edition, which is intended to meet continued inquiries and requests for the monograph, contains a Foreword and a Preface to the second edition that put the original work into historical perspective. These studies of ways to value stated preferences, as applied then to the Exxon Valdez oil spill, continue to be a timely and still-rigorous examination of such methods; even with the passage of time and statistical advances from the past two decades, the conclusions and insights as to whether and how these techniques might still be employed in valuing use or nonuse losses from similar events remain valid.

Property Restitution and Compensation

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Publisher : Hammersmith Press
ISBN 13 : 929068450X
Total Pages : 308 pages
Book Rating : 4.2/5 (96 download)

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Book Synopsis Property Restitution and Compensation by : International Organization for Migration

Download or read book Property Restitution and Compensation written by International Organization for Migration and published by Hammersmith Press. This book was released on 2008 with total page 308 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Atiyah's Accidents, Compensation and the Law

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Publisher :
ISBN 13 : 9780511556630
Total Pages : 514 pages
Book Rating : 4.5/5 (566 download)

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Book Synopsis Atiyah's Accidents, Compensation and the Law by : Peter Cane

Download or read book Atiyah's Accidents, Compensation and the Law written by Peter Cane and published by . This book was released on 2006 with total page 514 pages. Available in PDF, EPUB and Kindle. Book excerpt: A classic treatment of the law relating to compensation for personal injuries, this edition discusses the relevant legal rules as well as the social, political and economic issues underlying the law.

Litigation Economics

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Publisher : Emerald Group Publishing
ISBN 13 : 9781559387569
Total Pages : 291 pages
Book Rating : 4.3/5 (875 download)

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Book Synopsis Litigation Economics by : Patrick A. Gaughan

Download or read book Litigation Economics written by Patrick A. Gaughan and published by Emerald Group Publishing. This book was released on 1993 with total page 291 pages. Available in PDF, EPUB and Kindle. Book excerpt: This volume discusses such topics in the field of litigation economics as forensic economics, estimating damages in personal injury and wrongful death cases, forecasting medical costs in tort cases and economic analysis of business interruption losses