Should loss of earnings be compensated? The established law and economics wisdom considers pure economic loss as a transfer of wealth from the victim to a third party, whose earnings increase as a consequence of the accident. Such transfers do not amount to a social loss and, hence, should not...

The paper presents a framework for the nation-wide assessment of natural hazards, vulnerability and risk for the Republic of Georgia. Firstly, a relational database was created in order to collect all necessary information available. Secondly, hazard maps were drawn based on an innovative...

This study is an analysis of the economic loss and loss of income, and a holistic approach of life expectancy of outpatient who has chronic kidney disease in Chun district, Phayao province. The sample is an outpatient with chronic kidney disease and admitted to the Chun hospital, Chun district,...

We assess the predictive accuracies of a large number of multivariate volatility models in terms of pricing options on the Dow Jones Industrial Average. We measure the value of model sophistication in terms of dollar losses by considering a set of 444 multivariate models that differ in their...

In the United States, litigation often follows an accidental injury or death of an individual. In this paper, the method used in the United States to establish the economic damages resulting from an injury or death is outlined. The paper addresses the loss of wages, fringe benefits and household...

Floods are random phenomena that not only cause damage to the lives, natural resources and the environment, but also affect the health of people. The severity of flooding tends to increase with urbanization. Socio-economic impacts of floods depend on the area, duration and depth of inundation,...

Community-scale estimates of building damage and economic loss are modeled for Seaside, Oregon, for Cascadia subduction zone events ranging from 8.7 to 9.3 M<Subscript>W</Subscript> with corresponding slip distances of 3–25 m considering only the effects of the tsunami. Numerical simulations are obtained from the...</subscript>