The Courtroom Comes to the Classroom: Estimating Economic Damages as an Instructional Device

Harvard Law School, Olin Center for Law, Economics and Business, Discussion Paper No. 234

Posted: 29 Mar 1999

See all articles by Joni Hersch

Joni Hersch

Vanderbilt University - Law School; IZA Institute of Labor Economics; Vanderbilt University - Owen Graduate School of Management; Vanderbilt University - College of Arts and Science - Department of Economics

W. Kip Viscusi

Vanderbilt University - Law School; National Bureau of Economic Research (NBER); Vanderbilt University - Department of Economics; Vanderbilt University - Owen Graduate School of Management; Vanderbilt University - Strategy and Business Economics

Date Written: May 1998

Abstract

A mock trial setting provides a superb opportunity for students to apply their economic knowledge. This format utilizes a team approach in which parties representing the plaintiff and defense provide calculations of economic damages, which are presented before a jury. Because this exercise replicates actual activities by economists in trial settings, it serves as a credible exercise for motivating economic students in general and pre-law students in particular. This article includes the background information needed to carry out such a classroom trial exercise.

JEL Classification: K00, A11

Suggested Citation

Hersch, Joni and Viscusi, W. Kip, The Courtroom Comes to the Classroom: Estimating Economic Damages as an Instructional Device (May 1998). Harvard Law School, Olin Center for Law, Economics and Business, Discussion Paper No. 234, Available at SSRN: https://ssrn.com/abstract=150496

Joni Hersch (Contact Author)

Vanderbilt University - Law School ( email )

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IZA Institute of Labor Economics ( email )

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Vanderbilt University - Owen Graduate School of Management

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Vanderbilt University - College of Arts and Science - Department of Economics

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W. Kip Viscusi

Vanderbilt University - Law School ( email )

131 21st Avenue South
Nashville, TN 37203-1181
United States
615-343-7715 (Phone)
615-322-5953 (Fax)

HOME PAGE: http://law.vanderbilt.edu/faculty/viscusi.htm

National Bureau of Economic Research (NBER)

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Cambridge, MA 02138
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Vanderbilt University - Department of Economics

Box 1819 Station B
Nashville, TN 37235
United States
(615) 343-7715 (Phone)
(615) 343-5953 (Fax)

HOME PAGE: http://law.vanderbilt.edu/faculty/viscusi.htm

Vanderbilt University - Owen Graduate School of Management

401 21st Avenue South
Nashville, TN 37203
United States
(615) 343-7715 (Phone)
(615) 343-5953 (Fax)

HOME PAGE: http://law.vanderbilt.edu/faculty/viscusi.htm

Vanderbilt University - Strategy and Business Economics ( email )

Nashville, TN 37203
United States

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