Determining Economic Damages

Description

This toolbook is loaded with practical forms, procedures, tables, and tactics from a veteran economist who has consulted on hundreds of cases. The explanations are thorough, the math is straightforward, and the advice is detailed and valuable. Whether or not your case justifies retaining an expert, Determining Economic Damages can guide you start-to-finish through damage assessment and proof:

In personal injury and wrongful death cases:

• Determine past and future income losses.
• Compute the value of fringe benefits.
• Adjust for personal consumption.
• Adjust for income taxes.
• Measure the replacement value of household services.
• Compute life and worklife expectancy.
• Convert medical and rehabilitation reports into dollar values.
• Convert future losses to their present value.
• Put everything together to calculate loss.
• Prepare your case and expert for trial.
• Depose and cross-examine the opposing expert.

In business and commercial cases:

• Determine economic damages in employment disputes
• How to prove or disprove lost profits
• Value a business: the three approaches
• Measure damages in patent, copyright, trademark, and trade secret infringement cases

Determining Economic Damages comes with over 100 questionnaires, Tables, and Worksheets. Some of the helpful tables and forms include:

The Economist

Questions for Qualifying your Expert at Trial, Preparing Your Expert for Trial, Government Agency Addresses, Suggested Personal Library Holdings, Personal Injury/Wrongful Death Bibliography, Checklists of Information to be Provided by Attorney, Checklist of Information to be Provided by Economist, Personal Injury Questionnaire, Wrongful Death Questionnaire, Wrongful Termination Questionnaire

Past & Future Earnings

Table of Average Weekly Hours Earnings, Wage Growth in Different Industries, Changes in Consumer Price Indexes, Productivity Trends in Selected Industries, Tables of Earnings for College Graduates by 6 Variables, Household Data, Median Weekly Earnings, 12 Tables of Geographic Comparisons, Farm Worker Demographics and Earnings, Consumer Price Index: Transportation and Medical Care, Union Contract Excerpt, Cohort Tables, Earnings Forecasts, Inflation Forecasts, and dozens more tables

Determining the Value of Benefits

Employer Costs, Employment Cost Index for Civilian Workers 1982-96, Total Benefits as Percent of Payroll, Adjusting for Personal Consumption and Support Factors, Personal Injury Report, Wrongful Death Report, Wrongful Birth Report, With Samples: Summary of Losses, Basis for Evaluation, Calculations

The Value of Household Services

Three Sample Dollar Value of a Day Tables, Sample Computation of Household Production Value, Suggested Cross Examination Questions for Loss Expert

Life and Work Expectancy

Life Table for Males, Life Table for Females, Civilian Labor Force Participation Rates by Sex, Work Life Expectancy Tables for Males, Work Life Expectancy Tables for Females, Sample Calculations

Using Reports of Medical and Rehabilitation Experts

Personal Injury Report, Wrongful Death Report, Wrongful Birth Report, With Samples: Summary of Losses, Basis for Evaluation, Calculations

Methods to Calculate Losses

Personal Injury Report, Wrongful Death Report, Wrongful Birth Report, With Samples: Summary of Losses, Basis for Evaluation, Calculations

Putting It All Together

Summary of Losses (Personal Injury, Wrongful Death, Wrongful Birth), Basis for Evaluation, Calculations of Losses

REVISION 29 HIGHLIGHTS

Determining Economic Damages guides you start-to-finish through damage assessment and proof. Learn how economic damages are calculated, what to ask a forensic economist, where to find data on which to base damages calculations, and more.
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New in this edition:

CHAPTER 19 STATISTICAL EVIDENCE AND CAUSAL INFERENCE.

• Statistical analyses play a crucial role in establishing liability and determining damages. This chapter covers two key concepts: how experts construct and evaluate statistical evidence and how statistical evidence contributes to arguments about causal effects. 

Topics include:

• Probability Theory. §1910                                   • Estimation and Confidence Intervals. §1923
• Probabilities and Random Variables. §1911    • The Relationship Between Two Variables. §1930
• Sampling and Experimentation. §1913            • Regression. §1932
• Probability Distribution. §1914                          • Testing Correlations. §1933
• The Law of Large Numbers. §1915                    • Superpopulations. §1934
• The Central Limit Theorem. §1916                   • Correlation and Causation. §1940
• Statistical Inference. §1920                                • Disentangling Causal Effects. §1942
• The Inverse Probability Problem. §1921And, if you skipped the last edition, here’s what you missed:

CHAPTER 3 PAST AND FUTURE EARNINGS

• Evaluating lost earnings for a self-employed plaintiff. §353

CHAPTER 7 LOSS DURATION; LIFE EXPECTANCY; AND WORKLIFE EXPECTANCY

• The Skoog/Ciecka/Krueger Years to Final Separation from Labor Force Tables. §734.

CHAPTER 9 USING REPORTS OF MEDICAL AND REHABILITATION EXPERTS

• Medical Care Price Increases and Life Care Plans. §920..

CHAPTER 16 COMMERCIAL ECONOMIC DAMAGES: LOST PROFITS

• When to Value Lost Profits and What Discount Rate to Use. §1611.

CHAPTER 18 ECONOMIC DAMAGES FROM INTELLECTUAL PROPERTY INFRINGEMENT

• • Remedies in Copyright and Trademark Cases involving Infringer’s Costs. §1846.

And More!