Forensic Economics

1. Front Matter

   Pages i-xix

   PDF

2. An Introduction to the Field of Forensic Economics

   • Frank D. Tinari

   Pages 1-17

3. The Meaning of Earning Capacity

   • Stephen Horner, Frank Slesnick

   Pages 19-32

4. Evolution of Worklife Expectancy Measurement

   • Gary R. Skoog, James E. Ciecka

   Pages 33-56

5. Personal Consumption and Wrongful Death Damages

   • Kurt V. Krueger, Gary R. Albrecht

   Pages 57-73

6. Estimating Educational Attainment and Earning Capacity of a Minor Child

   • Lawrence M. Spizman

   Pages 75-87

7. Incorporating Fringe Benefits in Loss Calculations

   • James D. Rodgers

   Pages 89-115

8. Federal and State Income Tax Aspects in Forensic Economics

   • David Schap

   Pages 117-133

9. Issues in Applying Discount Rates

   • David D. Jones

   Pages 135-144

10. Potential Effects of the Affordable Care Act on Loss Calculations

    • Joshua Congdon-Hohman, Victor A. Matheson

    Pages 145-160

11. Challenges in Valuing Loss of Services

    • Frank D. Tinari

    Pages 161-177

12. Issues in Employment Litigation Analysis

    • Thomas Roney, Timothy Lanning

    Pages 179-190

13. Differences Among State Court Jurisdictions in Damages Calculations

    • David I. Rosenbaum, David Schap

    Pages 191-203

14. Forensic Economists and Their Changing Viewpoints Over Time

    • Michael L. Brookshire, Frank L. Slesnick

    Pages 205-219

15. Hedonic Valuation Issues

    • Gary R. Skoog

    Pages 221-244

16. Ethical Dimensions of Forensic Economics

    • Frank D. Tinari

    Pages 245-259

17. Understanding Law as a Part of Forensic Economic Practice

    • Thomas R. Ireland

    Pages 261-277

18. Effective Communications as a Forensic Economist

    • Frank D. Tinari

    Pages 279-288

19. Reflections on the 9/11 Victim Compensation Fund

    • Frank D. Tinari, John O. Ward

    Pages 289-303

20. Differences Among Nations in Measuring Economic Damages

    • John O. Ward

    Pages 305-316

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.

• Economic Damages
• Calculation of Damages
• Valuation of Damages
• forensic economists
• measurement
• care
• criminal law
• development
• economics
• employment
• insurance
• macroeconomics
• public economics
• rating
• service
• USA
• valuation

• Florham Park, USA

  Frank D. Tinari

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

Policies and ethics