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This article examines the effect upon damages for personal injury of methods used in the USA to calculate loss of future earnings. The work of lawyers is examined from the perspective of labour economists. The damages calculated by using these alternative methods are compared with those actually...
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The law provides that any person injured through the fault of another can claim monetary compensation in the form of damages. Restitutio in integrum defines the objective and measure of damages. Damages in respect of loss of future earnings comprise the product of an estimated annual loss and an...
Persistent link: https://www.econbiz.de/10005099602
The law provides that any person injured through the fault of another can claim monetary compensation in the form of damages. This study focuses on compensation paid for loss of future earnings and the fact that little use has been made of economic analysis by courts in Britain in determining...
Persistent link: https://www.econbiz.de/10005392735