Research Handbook on the Economics of Torts (Jennifer Arlen, ed., 2012 Forthcoming)
44 Pages Posted: 18 Jul 2012
Date Written: March 27, 2012
This paper reviews the economic analysis of economic damages, shows the paradoxes of its extension to non-economic damages, and then turns to the three damage measures — value of statistical life (VSL), happiness equivalent, and Hand Rule Damages (HRD).
Keywords: torts, damages, incommensurable, economics, compensation
Suggested Citation: Suggested Citation
Cooter, Robert D. and DePianto, David Ennio, Damages for Incompensable Harms (March 27, 2012). Research Handbook on the Economics of Torts (Jennifer Arlen, ed., 2012 Forthcoming); UC Berkeley Public Law Research Paper No. 2111738. Available at SSRN: https://ssrn.com/abstract=2111738