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Forensic Economics

Assessing Personal Damages in Civil Litigation

Editors: Tinari, Frank D (Ed.)

  • 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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Buy this book

eBook $119.00
price for USA (gross)
  • ISBN 978-1-137-56392-7
  • Digitally watermarked, DRM-free
  • Included format: EPUB, PDF
  • ebooks can be used on all reading devices
  • Immediate eBook download after purchase
Hardcover $159.00
price for USA
  • ISBN 978-1-137-57109-0
  • Free shipping for individuals worldwide
  • Usually dispatched within 3 to 5 business days.
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.

About the authors

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 EducationEastern 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, USAMichael L. Brookshire, Marshall University, USAThomas R. Ireland, University of Missouri-St. Louis, USADavid D. Jones, Economic Consulting Services, LLC, USAKurt V. Krueger, John Ward Economics, USATimothy Lanning, Formuzis, Pickersgill & Hunt, Inc., USAVictor A. Matheson, College of the Holy Cross, USAJames D. Rodgers, Pennsylvania State University, USAThomas Roney, Thomas Roney, LLC, USADavid Rosenbaum, University of Nebraska-Lincoln, USADavid Schap, College of the Holy Cross, USAGary R. Skoog, Legal Econometrics, Inc.Frank Slesnick, Bellarmine University, USALawrence M. Spizman, State University of New York at Oswego, USAJohn O. Ward, University of Missouri-Kansas City, USA

Table of contents (19 chapters)

  • An Introduction to the Field of Forensic Economics

    Tinari, Frank D.

    Pages 1-17

  • The Meaning of Earning Capacity

    Horner, Stephen (et al.)

    Pages 19-32

  • Evolution of Worklife Expectancy Measurement

    Skoog, Gary R. (et al.)

    Pages 33-56

  • Personal Consumption and Wrongful Death Damages

    Krueger, Kurt V. (et al.)

    Pages 57-73

  • Estimating Educational Attainment and Earning Capacity of a Minor Child

    Spizman, Lawrence M.

    Pages 75-87

Buy this book

eBook $119.00
price for USA (gross)
  • ISBN 978-1-137-56392-7
  • Digitally watermarked, DRM-free
  • Included format: EPUB, PDF
  • ebooks can be used on all reading devices
  • Immediate eBook download after purchase
Hardcover $159.00
price for USA
  • ISBN 978-1-137-57109-0
  • Free shipping for individuals worldwide
  • Usually dispatched within 3 to 5 business days.

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Bibliographic Information

Bibliographic Information
Book Title
Forensic Economics
Book Subtitle
Assessing Personal Damages in Civil Litigation
Editors
  • Frank D Tinari
Copyright
2016
Publisher
Palgrave Macmillan US
Copyright Holder
The Editor(s) (if applicable) and The Author(s)
eBook ISBN
978-1-137-56392-7
DOI
10.1057/978-1-137-56392-7
Hardcover ISBN
978-1-137-57109-0
Edition Number
1
Number of Pages
XIX, 327
Topics