Damages for Incompensable Harms
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
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