How Do We Compensate a Victim's Losses? An Economic Perspective

International Review of Victimology, Vol. 16, pp. 67-87, 2009

21 Pages Posted: 6 May 2010

See all articles by José Mulder

José Mulder

University of Amsterdam - SEO Economic Research

Date Written: April 5, 2009

Abstract

Compensatory damages awarded in court are intended to make victims 'whole again'. This intention raises the question how the losses, especially the emotional losses, that victims incur could be compensated. This paper provides an overview of the economic theories that are used to provide an answer to this question and it purports to provide a new perspective on compensation by explaining how victims could be compensated by both financial and non-financial forms of compensation.

Keywords: Compensation, Pain and Suffering, Economics

JEL Classification: K000

Suggested Citation

Mulder, José, How Do We Compensate a Victim's Losses? An Economic Perspective (April 5, 2009). International Review of Victimology, Vol. 16, pp. 67-87, 2009, Available at SSRN: https://ssrn.com/abstract=1600782

José Mulder (Contact Author)

University of Amsterdam - SEO Economic Research ( email )

Roetersstraat 29
Amsterdam, 1018 WB
Netherlands

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