Abstract

http://ssrn.com/abstract=421380
 


 



Total Offset Method: Is it Appropriate? Evidence from Eci Data


James E. Payne


affiliation not provided to SSRN

Bradley T. Ewing


Baylor University - Department of Economics

Michael J. Piette


Analytical Economics, Inc.


Journal of Legal Economics, Vol. 11, No. 2

Abstract:     
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 complement to the previous time series research on the behavior of net discount ratios and net discount rates and provides statistical tests designed to investigate the validity of the assumptions underlying the total offset methodology. Although the total offset method is easy to implement and can be quickly interpreted by a jury, the assumptions do not appear to be supported by the data. The combination of the empirical time series research on net discount ratios and net discount rates and the tests of the underlying assumptions presented in this paper provide compelling evidence against the use of the total offset method of calculating economic damages.

Keywords: Economics

Accepted Paper Series


Not Available For Download

Date posted: August 9, 2003  

Suggested Citation

Payne, James E. and Ewing, Bradley T. and Piette, Michael J., Total Offset Method: Is it Appropriate? Evidence from Eci Data. Journal of Legal Economics, Vol. 11, No. 2. Available at SSRN: http://ssrn.com/abstract=421380

Contact Information

James E. Payne
affiliation not provided to SSRN ( email )
No Address Available
Bradley T. Ewing
Baylor University - Department of Economics ( email )
P.O. Box 98003
Waco, TX 76798-8003
United States
Michael J. Piette (Contact Author)
Analytical Economics, Inc. ( email )
3169 Clancy Court
Tallahassee, FL 32309
United States
850-906-9045 (Phone)
850-906-9046 (Fax)
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