Abstract - University of Missouri–St. Louis（抽象u2014u2014密苏里大学圣路易斯分校的。）.pdfVIP

Preliminary Draft--Do Not Quote Without Permission of the Author Prepared for Presentation at the Southern Economic Association Meetings, November 18, 2001 Offsets in Damages Calculations in Forensic Economics Thomas R. Ireland Department of Economics University of Missouri at St. Louis 8001 Natural Bridge Road St. Louis, MO 63121 Tel: 314/516-5558 Fax: 314/516-5352 E-Mail: ireland@umsl.edu Abstract The area of offsets in forensic economics is a minefield of questions that have not been adequately addressed in case law or in the literature of forensic economics. This short paper sets a framework for understanding how those questions relate to each other. Offsets in Damages Calculations in Forensic Economics Thomas R. Ireland I. Introduction--How Offsets Function in Forensic Economics An offset in forensic economics carries the same meaning as a reduction in damages. Forensic economists are regularly called upon to project pecuniary damages to a plaintiff that result from either a tort, a contract violation or some other violation of existing law. While offsets are also an issue in various types of commercial damages, the focus of this paper is on damages to persons as they would apply in cases involving wrongful death, personal injury or wrongful terminations from employment. Damages are generally grouped in broad categories. Damages typically include both “tangible (economic, pecuniary)” damages and “intangible (non economic, non pecuniary)” categories and economists