The purpose of this paper is to re-examine the assumptions underlying the total offset method advanced in the 1967 Alaska Rule and relied upon by some practitioners in the calculation of economic damages in personal injury and wrongful death litigation. The structure of this paper serves as a...

Determining the present value of future medical costs is an important issue for a variety of public and private entities. This article examines the time-series properties of medical net discount rates and considers the implications for forecasting. The article provides evidence that the standard...