The death of a family member often causes more than a loss of income, but the measurement of these nonmarket losses is surrounded by controversy. This book contains fifty readings by leading forensic economists, attorneys and family experts that address many issues relating to the two major aspects of damages in wrongful death litigation: the lost services of the decedent and the decedent's own personal consumption or maintenance.
Topics covered:
Lost nonmarket services of a decendent
The dometic services approach
Broadening the concept of lost services
Accounting for personal consumption or maintenance of the decedent
Conceptual issues in personal consumption and maintenance
Measurement issues in personal consumption and maintenance
Analyzing survivors' living standards: Equivalence, welfare and service flows
Summary and critique
