Cooter and DePianto, ‘Damages for Incompensable Harms’

Abstract:
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).

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).

First posted 2012-07-18 17:21:12

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