Recently added articles from Journal of Legal Economics:
A Note from the President
Aug 01, 2008; ... It is with both excitement and anticipation that I announce the new editor of the Journal of Legal Economics. Dr. Michael Nieswiadomy, Professor of Economics, University of Northern Texas was unanimously voted by the A.A.E.F.E. Board of Directors to serve as our new Editor. Michael came highly ...
Editor's Notes
Aug 01, 2008; ... The publication of Volume 15 (1) of the JLE marks the end of my role as Editor of the JLE and the beginning of Michael Nieswiadomy's position as Editor of the JLE with the University of North Texas as the home of the JLE. I am very pleased that Michael has taken this position. Patrick McMurray ...
Model Variances in Assessing the Present Value of Future Medical Care
Aug 01, 2008; ... Abstract This research investigates four alternative models for computing the present value of future medical care and illustrates the valuation differences among the alternatives. The four models are the life expectancy model, the expected med cost model, the expected present value model, and ...
Employment Discrimination: Distinguishing Between Equitable Remedies and Compensatory Damages
Aug 01, 2008; ... Abstract There may be a perception among some forensic economists that the time horizon for future damages in employment discrimination cases is the period the plaintiff would have remained employed with the defendant employer but for the discrimination. While the discrimination acts and ...
A Womb with (An)other View: An Economic Analysis of the Wrongful Birth Doctrine
Aug 01, 2008; ... Abstract In what have come to be known as "wrongful birth" or "wrongful conception" actions, individuals who have become pregnant after sterilization procedures have failed, have sued their doctors in negligence. In a recent issue of this Journal, Priaulx (2008), using legal reasoning, argued ...
The Present Value of Lost Financial Support Due to Wrongful Death
Aug 01, 2008; ... Abstract This paper presents a mathematical model to calculate the present value of lost financial support due to wrongful death. Such a model is noticeably absent from the literature. From the model's simplified form, the economic loss of financial support is equal to the present value of the ...
A Note on Utilizing the Geometric Mean: When, Why and How the Forensic Economist Should Employ the Geometric Mean
Aug 01, 2008; ... Abstract Forensic Economists often utilize the arithmetic average for calculating growth rates to estimate economic damages. While it may be convenient to calculate the arithmetic average, it is mathematically inaccurate when such a rate is compounded. In such cases, it is incumbent upon the ...
The First Mathematically Correct Life Annuity Valuation Formula*
Aug 01, 2008; ... (ProQuest: ... denotes formulae omitted.) The story of the first actuarially correct specification of a life annuity revolves around Jan (Johan) de Witt (1625-1672), Jan Hudde (1628-1704), and Christiaan Huygens (1629-1695). All were Dutch and mathematics students of Frans van Schooten ...
Edmond Halley's Life Table and Its Uses*
Aug 01, 2008; ... (ProQuest: ... denotes formulae omitted.) Edmond Halley (1656-1742) was a remarkable man of science who made important contributions in astronomy, mathematics, physics, financial economics, and actuarial science. Halley was fortunate to have been born into a wealthy family and to have ...
Pension Benefits as an Evidentiary Collateral Source*
Aug 01, 2008; ... Our analysis in this note is based on the recent decision of the Maryland Court of Appeals in Norfolk Southern Railway Corp. v. Tiller (2008), and two legal decisions cited therein. These decisions indicate a unique application of the collateral source rule. Typically, the collateral source rule ...
Calculating the Value of a Life Care Plan With Contingent Costs*
Aug 01, 2008; ... In this paper a simple technique is explained, which allows the calculation of the total value of alternative, mutually exclusive future streams (costs or losses) irrespective of the timing of the switch from one regime to the other. It is not unusual in life care plans to see potential ...
Sleeping Time and the Twenty-Four-Hour Day Time Budget Constraint: Tools in Forensic Economic Analysis*
Aug 01, 2008; ... Expert analysis depends upon data and assumptions made about the data. While an expert's testimony may be attacked on issues of faulty theory or analysis-it is often more compelling to demonstrate false assumptions were made in generating the conclusions the expert presents. This short note will ...
History and Search Capacities of Web Sites for Legal Decisions of Interest to Forensic Economists*
Aug 01, 2008; ... The initial web site for legal decisions of interest to forensic economists was initiated at the University of Missouri-St. Louis in August of 2002. The parallel website at Denison University was initiated in 2004. The intention of the Denison version of the web site was to make that website ...
Errata 14:2
Aug 01, 2008; ... (ProQuest: ... denotes formulae omitted.) Peter C. Dawson, "The Economics of Valuing Covenants Not to Compete Under the Fair Market Value Standard," Journal of Legal Economics, Volume 14, No. 2, pp. 25-60. Please note the underlined corrections to be made on the designated pages ...
Errata 14:3
Aug 01, 2008; ... Thomas W. Hale, "Development of the New Disability Questions for the CPS and What They Can Tell Us About the Employment Status of People with Disabilities," Journal of Legal Economics, Volume 14, No. 3, pp. 101-110. Page 101, paragraph 1 should be replaced with the following ...