Differences Among Nations in Measuring Economic Damages

John O. Ward
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John O. Ward: John Ward Economics

Chapter Chapter 19 in Forensic Economics, 2016, pp 305-316 from Palgrave Macmillan

Abstract: Abstract This chapter addresses differences among nations in measuring economic damages arising from three situations that forensic economists (FEs) may encounter in their practice. First, as FEs, we may become involved in cases that are tried in the USA involving the injury or death of a foreign national. Second, an FE may be retained in a case where a US national is injured or dies in a foreign nation and that nation’s rules for recovery of damages may apply in that country’s courts. A third reason for studying the differences among nations in measuring economic damages and resolving tort law in other nations is to learn how such differences impact tort damage determination and resolution in terms of economic efficiency, predictability and equity.

Keywords: European Union; Economic Damage; Worker Compensation; Personal Injury; Punitive Damage (search for similar items in EconPapers)
Date: 2016
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-137-56392-7_19

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DOI: 10.1057/978-1-137-56392-7_19

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