Recently added articles from Journal of Legal Economics:
The Plaintiff as Victim and Investor: Prudent Investing and the Calculation of Economic Damages
Mar 01, 2008; Breeden, Charles H; Brush, Brian C ... Abstract In recent years, 45 states have adopted laws regulating the actions of those with fiduciary responsibilities over invested funds of their principals. Under these new laws, trustees are required to behave as would a "prudent investor" in light of modern portfolio theory and are freed ...
Hindsight in Commercial Damages Analysis
Mar 01, 2008; Bowles, Tyler J ... Abstract Whether hindsight should and can be used in commercial damage calculations presents an interesting question from both an economic and legal perspective. A strong economic argument can be made that given certain restrictive assumptions hindsight should be ignored. Courts, however, appear ...
Estimating Hypothetically Negotiated Royalty Rates after MedImmune, Inc. v. Genentech, Inc., et al.
Mar 01, 2008; Porter, Stevan D Jr ... Abstract On January 9, 2007, the opinion by the Supreme Court of the United States in MedImmune, Inc. v. Genentech, Inc., et al., ruled that a firm, while paying royalties on a patent under an arm's length license agreement, may judicially challenge the validity of that patent. This departure ...
A Letter from the UK: Tort Law and Damages for the Unwanted Child
Mar 01, 2008; Priaulx, Nicolette M ... Abstract If a healthy child born as a result of clinical negligence in family planning techniques is a "blessing" which should not resound in child maintenance damages, can an exception be created for the birth of a disabled child? If so, should the law then permit a further exception for the ...
Reviews and Cases of Note
Mar 01, 2008; Ireland, Thomas R ... Special Editors: Lane Hudgins, Thomas Ireland, and Gerald Martin This will be the first in a series of features on "Reviews and Cases of Note" in the Journal of Legal Economics that will focus on reviews of legal decisions, case studies and articles of interest to forensic economics that ...
Comment on "A Note on the Steady State Assumption and Expectancy Bias"
Mar 01, 2008; Ciecka, James E ... (ProQuest: ... denotes formulae omitted.) McCollister and Pflaum (MP, 2007) maintain that "[f]orensic economists frequently treat dynamic variables considered in worklife and life expectancy calculations as fixed in the development of life and worklife tables. This procedure can lead to ...
Data Points
Mar 01, 2008; Hale, Thomas W ... Special Editors Thomas Hale and Kurt V. Krueger This article is a first in a series of Journal of Legal Economics articles under the Data Points Associate Editorship category as edited by Tom Hale and Kurt Krueger. Tom Hale of the Social Security Administration leads off this new section ...
Errata
Mar 01, 2008; Anonymous ... David I. Rosenbaum and J. Michael Guthmann, "Net Discount Rates: Does Duration Matter?," Journal of Legal Economics, Volume 14, No. 2, pp.1-24. Pages 19 and 20 should be replaced with the following: test statistics when the base net discount rate is calculated over longer ...